Thetradermonk

Fibonacci Confluence day trading idea 23/12/2019

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NSE:UPL   UPL LTD
Go long above 580 with a SL of 574.5 with the first target at 596-600 levels and second target at 605. Stock is at the zone of two Fibonacci range confluence and has closed above 200 EMA on daily timeframe with good strength (volumes). Furthermore, RSI has entered the trending zone of >50 (three days ago) which makes the stock bullish.
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