CRTM ONG TRADE
Rationale - CRTM broke out of a trading range, bounded by a resistance line (red dotted line), and a wedge pattern forming an inverted head and shoulders. Although this pattern isn't always a successful reversal indicator, the powerful breakout momentum and volume dynamics in this case suggest a strong potential for a breakout and upside movement.
🚨 TECHNICAL BUY CALL – CRTM🚨
- Buy 1: Current level (Rs. 17.58)
- Buy 2: Rs. 16.96
- Buy 3: Rs. 16.40
Target Prices
- TP 1: Rs. 18.6
- TP 2: Rs. 19.98
- TP 3: Rs. 22.31
Stop Loss- Below Rs. 15.4 closing basis
Risk-Reward Ratio - 1:3.48
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Rationale - CRTM broke out of a trading range, bounded by a resistance line (red dotted line), and a wedge pattern forming an inverted head and shoulders. Although this pattern isn't always a successful reversal indicator, the powerful breakout momentum and volume dynamics in this case suggest a strong potential for a breakout and upside movement.
🚨 TECHNICAL BUY CALL – CRTM🚨
- Buy 1: Current level (Rs. 17.58)
- Buy 2: Rs. 16.96
- Buy 3: Rs. 16.40
Target Prices
- TP 1: Rs. 18.6
- TP 2: Rs. 19.98
- TP 3: Rs. 22.31
Stop Loss- Below Rs. 15.4 closing basis
Risk-Reward Ratio - 1:3.48
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.