CRTM ONG TRADE
Rationale - CRTM broke out of a trading range, bounded by a resistance line (red dotted line), and a wedge pattern forming an inverted head and shoulders. Although this pattern isn't always a successful reversal indicator, the powerful breakout momentum and volume dynamics in this case suggest a strong potential for a breakout and upside movement.
🚨 TECHNICAL BUY CALL – CRTM🚨
- Buy 1: Current level (Rs. 17.58)
- Buy 2: Rs. 16.96
- Buy 3: Rs. 16.40
Target Prices
- TP 1: Rs. 18.6
- TP 2: Rs. 19.98
- TP 3: Rs. 22.31
Stop Loss- Below Rs. 15.4 closing basis
Risk-Reward Ratio - 1:3.48
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Rationale - CRTM broke out of a trading range, bounded by a resistance line (red dotted line), and a wedge pattern forming an inverted head and shoulders. Although this pattern isn't always a successful reversal indicator, the powerful breakout momentum and volume dynamics in this case suggest a strong potential for a breakout and upside movement.
🚨 TECHNICAL BUY CALL – CRTM🚨
- Buy 1: Current level (Rs. 17.58)
- Buy 2: Rs. 16.96
- Buy 3: Rs. 16.40
Target Prices
- TP 1: Rs. 18.6
- TP 2: Rs. 19.98
- TP 3: Rs. 22.31
Stop Loss- Below Rs. 15.4 closing basis
Risk-Reward Ratio - 1:3.48
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
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.
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.