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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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.