Final Target done ????? or still deliveries are on!!!!!!!!!!!!!!
Earlier View:
CMP: ₹234
Target: ₹206 (Achieved)
Stop Loss: ₹240
Risk to Reward Ratio: 1:4
Setup: Fake Breakout observed on the daily time frame.
Current Scenario:
The target of ₹206 has been achieved.
Monitoring the hourly time frame for the development of a bullish pattern.
Technical Observation:
If Stop Loss (₹220 daily closing basis) is triggered and a bullish pattern develops on the hourly time frame, it may indicate that the correction is complete in the form of an Expanded Flat (ABC) pattern.
Proposed Strategy:
Wait for Confirmation: A breakout above ₹220 on the hourly chart would confirm the bullish pattern.
Conclusion: The correction may be nearing completion. However, confirmation of a bullish structure on the hourly time frame is crucial before entering a long position.
Disclaimer: This is only a technical study and should not be taken as financial advice. Ensure to conduct thorough due diligence.
CMP: ₹234
Target: ₹206 (Achieved)
Stop Loss: ₹240
Risk to Reward Ratio: 1:4
Setup: Fake Breakout observed on the daily time frame.
Current Scenario:
The target of ₹206 has been achieved.
Monitoring the hourly time frame for the development of a bullish pattern.
Technical Observation:
If Stop Loss (₹220 daily closing basis) is triggered and a bullish pattern develops on the hourly time frame, it may indicate that the correction is complete in the form of an Expanded Flat (ABC) pattern.
Proposed Strategy:
Wait for Confirmation: A breakout above ₹220 on the hourly chart would confirm the bullish pattern.
Conclusion: The correction may be nearing completion. However, confirmation of a bullish structure on the hourly time frame is crucial before entering a long position.
Disclaimer: This is only a technical study and should not be taken as financial advice. Ensure to conduct thorough due diligence.
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.