Trade Setup
Entry Level: ₹6,336 🚀
Stop Loss (SL): ₹5,323 (Closing Basis)
SL Percentage: -16.01% 📉
Target Levels:
T1 (Positional Target): ₹7,404 (+16.88%) 🎯
Risk-to-Reward (R:R): 1:1⚖️
Technical Highlights
📌 Flag & Pole: The stock shows a strong flag and pole pattern, indicating bullish potential.
📌 Key DMAs: Trading comfortably above key moving averages (DMAs), adding strength to the setup.
📌 Pullback Bounce: Well-supported bounce after pullbacks.
📌 Volume: Needs improvement for stronger confirmation.
📌 RSI: Decent, supportive of the setup.
Key Strategy
⚡ Wait for Volume Confirmation: Entry should be accompanied by increasing volumes to ensure breakout sustainability.
⚡ Tight Monitoring: Since the R:R is moderate, ensure disciplined adherence to the SL.
⚡ Partial Booking at ₹7,000: Optional for risk reduction before T1.
Risks:
1️⃣ Volume Concern: Weak volume might fail to sustain breakout.
2️⃣ Broader Market Trends: Adverse market movements may impact performance despite strong technicals.
💬 Execute cautiously, and ensure disciplined trading!
⚠ Disclaimer: This is for educational purposes and not financial advice. Please consult your advisor before trading.
Entry Level: ₹6,336 🚀
Stop Loss (SL): ₹5,323 (Closing Basis)
SL Percentage: -16.01% 📉
Target Levels:
T1 (Positional Target): ₹7,404 (+16.88%) 🎯
Risk-to-Reward (R:R): 1:1⚖️
Technical Highlights
📌 Flag & Pole: The stock shows a strong flag and pole pattern, indicating bullish potential.
📌 Key DMAs: Trading comfortably above key moving averages (DMAs), adding strength to the setup.
📌 Pullback Bounce: Well-supported bounce after pullbacks.
📌 Volume: Needs improvement for stronger confirmation.
📌 RSI: Decent, supportive of the setup.
Key Strategy
⚡ Wait for Volume Confirmation: Entry should be accompanied by increasing volumes to ensure breakout sustainability.
⚡ Tight Monitoring: Since the R:R is moderate, ensure disciplined adherence to the SL.
⚡ Partial Booking at ₹7,000: Optional for risk reduction before T1.
Risks:
1️⃣ Volume Concern: Weak volume might fail to sustain breakout.
2️⃣ Broader Market Trends: Adverse market movements may impact performance despite strong technicals.
💬 Execute cautiously, and ensure disciplined trading!
⚠ Disclaimer: This is for educational purposes and not financial advice. Please consult your advisor before trading.
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.