HERITGFOOD Analysis (20th Dec 2024)
The chart demonstrates a liquidity buildup, golden retracement zones, and corrective wave completion. Here’s a detailed breakdown for actionable trading.
Current Structure:
Action Plan:
Risk-Reward Ratio: Entry around 480 with targets at 614 and 715 provides a favorable risk-reward ratio of nearly 1:3.
Key Educational Note:
Liquidity buildup indicates institutional activity. The corrective wave completion often aligns with major turning points in price.
Disclaimer: This analysis is for informational purposes. Consult with a SEBI-registered professional before trading. Support by liking and sharing!
The chart demonstrates a liquidity buildup, golden retracement zones, and corrective wave completion. Here’s a detailed breakdown for actionable trading.
Current Structure:
- [] The price has retraced into a golden zone (467-488) and is showing signs of reversal.
[] Buying at this level could target 614 as the first target and 685-715 as the extended range. - Stop-loss is placed below 420, indicating bearish continuation if breached.
Action Plan:
- []Buying Opportunity: Consider entering near 467-488 (retracement zone), supported by wave C completion.
[]Targets: First profit zone at 614. Trail stop-loss to 500 and aim for 685-715 for extended gains. - Stop Loss: Place below 420 to avoid significant losses.
Risk-Reward Ratio: Entry around 480 with targets at 614 and 715 provides a favorable risk-reward ratio of nearly 1:3.
Key Educational Note:
Liquidity buildup indicates institutional activity. The corrective wave completion often aligns with major turning points in price.
Disclaimer: This analysis is for informational purposes. Consult with a SEBI-registered professional before trading. Support by liking and sharing!
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.