🔥 NACL Industries - Range Breakout Trade Setup 🚀
📍 Breakout Level: ₹116
📍 Current Market Price (CMP): ₹121
📍 Stop Loss (SL): ₹96.5 (📉 Closing basis)
📍 Target 1 (T1): ₹166 🎯
📍 Target 2 (T2) (Positional): ₹255 🎯🎯
🔍 Why This Trade?
✅ Range Breakout 📈: Stock has broken out of a 3-year-old consolidation range!
✅ Big Money Inflow 💰: Breakout supported by high volume, indicating institutional buying.
✅ Bullish Pattern 📊: Formation of 3 White Soldiers on March 25 in DTF– a strong bullish signal! 🚀
✅ Sector Strength 🌱: Agrochemical sector is gaining momentum, boosting the stock.
✅ Price Action 🏆: Stock consolidated at all-time high levels before breaking out.
✅ Technical Strength 🛠️: Trading above key moving averages – momentum is on our side!
✅ No Overhead Resistance 🚧: No major hurdles ahead, potential smooth uptrend!
📊 Risk-Reward Calculation
🔹 Risk (SL at ₹96.5): ₹121 - ₹96.5 = ₹24.5
🔹 Reward 1 (T1 at ₹166): ₹166 - ₹121 = ₹45 🎯
🔹 Reward 2 (T2 at ₹255): ₹255 - ₹121 = ₹134 🎯🎯
🎯 Target 📏 Risk: Reward Ratio
T1 (₹166) 1:1.8
T2 (₹255) 1:5.4
📌 Trade Plan
👨💻 For Conservative Traders:
🔹 Entry: Small quantity at CMP (₹121) and add on successful retest of ₹116.
🔹 SL: ₹96.5 (Closing basis).
🔹 Target 1: ₹166 (Partial profit booking 📈).
🔹 Target 2: ₹255 (Hold for positional gain 🏆).
⚡ For Aggressive Traders:
🔹 Entry: Full deployment at CMP (₹121) if risk is well managed.
🔹 SL: ₹96.5 (Closing basis).
🔹 Exit Strategy: Trailing SL or partial booking at T1 (₹166), hold for T2 (₹255) 🚀.
⚠️ Key Risks to Consider
🔴 Fundamental Weakness: Poor ROCE (-0.04%) and ROE (-10.8%) → Purely technical trade!
🔴 Market Condition: 📉 Nifty still below 200 DMA, caution required!
🔴 Macroeconomic Factors: 🌍 Global uncertainties (e.g., Trump tariffs) may impact sentiment.
🚨 Final Note
📌 This is a high-risk, high-reward trade. Strict SL adherence is crucial! 🚨
💡 If you’re not comfortable with deep SLs, stay on the sidelines or enter lightly.
📈 Market remains uncertain—trade cautiously & manage risk wisely! 🛑
💬 What’s your take on this trade? Drop your thoughts below! ⬇️
🔹 Disclaimer: This is NOT financial advice. Do your own research before making any trade decisions. 📊
📍 Breakout Level: ₹116
📍 Current Market Price (CMP): ₹121
📍 Stop Loss (SL): ₹96.5 (📉 Closing basis)
📍 Target 1 (T1): ₹166 🎯
📍 Target 2 (T2) (Positional): ₹255 🎯🎯
🔍 Why This Trade?
✅ Range Breakout 📈: Stock has broken out of a 3-year-old consolidation range!
✅ Big Money Inflow 💰: Breakout supported by high volume, indicating institutional buying.
✅ Bullish Pattern 📊: Formation of 3 White Soldiers on March 25 in DTF– a strong bullish signal! 🚀
✅ Sector Strength 🌱: Agrochemical sector is gaining momentum, boosting the stock.
✅ Price Action 🏆: Stock consolidated at all-time high levels before breaking out.
✅ Technical Strength 🛠️: Trading above key moving averages – momentum is on our side!
✅ No Overhead Resistance 🚧: No major hurdles ahead, potential smooth uptrend!
📊 Risk-Reward Calculation
🔹 Risk (SL at ₹96.5): ₹121 - ₹96.5 = ₹24.5
🔹 Reward 1 (T1 at ₹166): ₹166 - ₹121 = ₹45 🎯
🔹 Reward 2 (T2 at ₹255): ₹255 - ₹121 = ₹134 🎯🎯
🎯 Target 📏 Risk: Reward Ratio
T1 (₹166) 1:1.8
T2 (₹255) 1:5.4
📌 Trade Plan
👨💻 For Conservative Traders:
🔹 Entry: Small quantity at CMP (₹121) and add on successful retest of ₹116.
🔹 SL: ₹96.5 (Closing basis).
🔹 Target 1: ₹166 (Partial profit booking 📈).
🔹 Target 2: ₹255 (Hold for positional gain 🏆).
⚡ For Aggressive Traders:
🔹 Entry: Full deployment at CMP (₹121) if risk is well managed.
🔹 SL: ₹96.5 (Closing basis).
🔹 Exit Strategy: Trailing SL or partial booking at T1 (₹166), hold for T2 (₹255) 🚀.
⚠️ Key Risks to Consider
🔴 Fundamental Weakness: Poor ROCE (-0.04%) and ROE (-10.8%) → Purely technical trade!
🔴 Market Condition: 📉 Nifty still below 200 DMA, caution required!
🔴 Macroeconomic Factors: 🌍 Global uncertainties (e.g., Trump tariffs) may impact sentiment.
🚨 Final Note
📌 This is a high-risk, high-reward trade. Strict SL adherence is crucial! 🚨
💡 If you’re not comfortable with deep SLs, stay on the sidelines or enter lightly.
📈 Market remains uncertain—trade cautiously & manage risk wisely! 🛑
💬 What’s your take on this trade? Drop your thoughts below! ⬇️
🔹 Disclaimer: This is NOT financial advice. Do your own research before making any trade decisions. 📊
Nota
📌 Note: Given the current market conditions, providing specific targets comes with inherent uncertainty. However, for the sake of guidance—especially for newer traders—tentative levels have been outlined as potential reference points. Traders should remain flexible and adjust their strategy based on evolving price action. 🚨📊Nota
Holding strong and resisting the overall market fall. Nota
T1 hit and crossed. Better to book some profit or totally exit, the stock is hitting continuous UC. If it comes down and continuously hits LC, you will not be able to exit. Most of the time, I avoid LC UC stocks. 
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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.