Technical analysis by mudusir about Symbol LOOM: Buy recommendation (10/6/2024)

LOOM is moving in top ten gainers, and its uptrend without any bearish sign. So we will wait for the touch the FIB golden area (buying Area). there is possibility LOOM will be reach 0.618 to 0.5 level of the FIB. So we will take a long trade on these point with proper risk management. If LOOM break its HHs we will take a long trade on CMP with same TP and SL.Trade is active, LOOM is touch the buying area, now used proper SL, Risk Management and wait for the TP.