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.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.