Buyers already attracted this stock to buy at 52. and the CMP is at 60.
- We expect a price spike on this stock for target 74-77 first one.
- There are two strategies for entering into this stock, 1). buy between 55-58 with stop loss of 52 and 2nd). buy above 63.7 above and wait for the target.
–> I don’t not use Fin Retracement theory on all stocks but when require then it will give us perfect trade. I used Fibonacci Analysis: Bloomberg Market Essentials:Technical Analysis theory. I have studied and price for 1.5 years.