fibonacci retracement on LT

buy
trend is up
cnx infra given breakout of 10 years
bounce from support
bounce from fibo 50% retracement level
target 1596: 1706
sl closing below 1529

Note

weekly inverse head and shoulder forming
on line chart closing above 1540 is break out weekly
on candle closing above 1600 breakout weekly
stay invested with emotion free money
tgt 1860 i.e. height of head

Note

breakout has come can consolidate and retrace below 1596
hold your position and ride the trend

Note

wait for confirmation before making aggressive move as market is giving more fakeout let it consolidate or close above resistance todays high till next week or add more on downside

Note

with volatility stock can come down as its index stock
be invested with sl as its weekly breakout
less chance of failure
it can consolidate for some time at lower level as index come down
but i think pattern will be intact

satyam15

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satyam15