FLAG FORMATION (Price at Fibo 23.6 level and 9 day EMA Support)

30 בנוב׳ 2020

Positional Idea : LT has formed a flag on daily charts and price is taking support at Fibo 23.6 level and 9 day EMA, close above 1148 will confirm flag breakout, safe entry above 1177, post breakout flag target is 270 points.
Views for learning purpose only.

14 בדצמ׳ 2020

הערה

Post close above 1148 price has already given approximately 8% move can hold for the flag target with close below 9 Day ema as a trailing stoploss