Positional or Long-term Opportunity in ACE

30 Ağu

Go Long @ 1059.7 for Targets of 1195.9, 1300, 1390, and 1536.4 with SL 991.6

Reasons to go Long :

1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.5 Fibonacci level.

2. In addition to this, the stock formed a Bullish Harami Pattern (marked with a orange color) around 0.5 Fibonacci level.

3. Also there is a strong demand zone from which the stock is taking support.

2 Eyl

İşlem aktif