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AIRLINK | Bullish Flag Pattern Possibility
Given the current technical setup, buying is recommended at 118, which is a strong support level and also near the lower boundary of the descending channel. This entry point provides an attractive opportunity for a potential upside move, especially if the price starts reversing from this level.
Trade Setup:
Entry Point: 118
Stop Loss: 93 (below the recent support level to limit downside risk)
Target: 168 (potential breakout target from the descending channel)
This setup offers a favorable risk-reward ratio as it aims to capture a reversal from the support level while managing risk effectively with a well-defined stop-loss.
Trade Setup:
Entry Point: 118
Stop Loss: 93 (below the recent support level to limit downside risk)
Target: 168 (potential breakout target from the descending channel)
This setup offers a favorable risk-reward ratio as it aims to capture a reversal from the support level while managing risk effectively with a well-defined stop-loss.
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