📊 Trade Setup Summary – Madras Fertilisers Ltd (NSE: MFL)
Element Details
Entry Around ₹99.12
Target ₹104.5 to ₹108 (approx. 5–9%)
Stop-Loss Below ₹88
Risk:Reward 1:2 (ideal setup)
Volume Massive spike – likely breakout volume
Bollinger Bands Breakout above mid-band, retest near lower band = strength
📌 Strategy Logic
Fib Retracement (0.382–0.5) zone held well – classic pullback area.
Bullish candle with strong volume indicates continuation after consolidation.
Bollinger midline bounce + volume confirms institutional interest.
✅ Target Expectation
Expect 4–5% move in 3–5 sessions, if the breakout sustains.
First resistance zone near ₹104–105, stronger resistance near ₹108–110.
⚠️ Final Notes:
💬 Don’t be greedy. Expect 4–5%.
🧠 Do your own analysis before executing trades like this.
Element Details
Entry Around ₹99.12
Target ₹104.5 to ₹108 (approx. 5–9%)
Stop-Loss Below ₹88
Risk:Reward 1:2 (ideal setup)
Volume Massive spike – likely breakout volume
Bollinger Bands Breakout above mid-band, retest near lower band = strength
📌 Strategy Logic
Fib Retracement (0.382–0.5) zone held well – classic pullback area.
Bullish candle with strong volume indicates continuation after consolidation.
Bollinger midline bounce + volume confirms institutional interest.
✅ Target Expectation
Expect 4–5% move in 3–5 sessions, if the breakout sustains.
First resistance zone near ₹104–105, stronger resistance near ₹108–110.
⚠️ Final Notes:
💬 Don’t be greedy. Expect 4–5%.
🧠 Do your own analysis before executing trades like this.
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.