ANL Second Strike (1H TF)
ANL has been in an accumulation zone (blue channel) and recently touched the top at Rs. 9.6 in December 2024. After a down leg (pink channel) with a selling climax and false breakdown, the stock reversed upwards. Having achieved previous targets, ANL is nearing completion of its pullback, making it a potential entry point for a second strike long trade near 1-hour IFDZ.
🚨 TECHNICAL BUY CALL – ANL🚨
- Buy 1: Rs. 8.0
- Buy 2: Rs. 7.9
- Buy 3: Rs. 7.7
- TP 1: Rs. 8.31
- TP 2: Rs. 8.99
- TP 3: Rs. 9.8
- *Stop Loss*: Below Rs. 7.4
- *Risk-Reward Ratio*: 1: 3.94
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
ANL has been in an accumulation zone (blue channel) and recently touched the top at Rs. 9.6 in December 2024. After a down leg (pink channel) with a selling climax and false breakdown, the stock reversed upwards. Having achieved previous targets, ANL is nearing completion of its pullback, making it a potential entry point for a second strike long trade near 1-hour IFDZ.
🚨 TECHNICAL BUY CALL – ANL🚨
- Buy 1: Rs. 8.0
- Buy 2: Rs. 7.9
- Buy 3: Rs. 7.7
- TP 1: Rs. 8.31
- TP 2: Rs. 8.99
- TP 3: Rs. 9.8
- *Stop Loss*: Below Rs. 7.4
- *Risk-Reward Ratio*: 1: 3.94
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.