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Ametekinc

AME potential Buy setupReasons for bullish bias: - Price at a strong support level - Price retraced from 0.786 fib level and it broke the 0.5 resistance level as well - Strong bullish weekly closing at a rising trendline - Bullish divergence Here are the recommended trading levels: Entry Level(CMP): 163.28 Stop Loss Level: 135.60 Take Profit Level 1: 185.24 Take Profit Level 2: Open Note: An SL at 145.58 can also be placed as it's a strong support zone but the trend structure will only break if 135.60 breaks, partial profit at 175.88 can also be taken.
NYSE:AMELong
by TradeWithParas
1
AMETEK | Sell Opportunity for BearsIf you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NYSE:AMEShort
by maxprofprofile