FCCL LONG TRADE
- *Uptrend and Accumulation*: FCCL was in a huge uptrend till the first week of April, followed by a corrective and accumulative phase, forming an inverted head and shoulders pattern.
Current Situation : *Bull Flag and Breakout*: The stock gave a selling climax, reversed in a spike fashion, and then went into a pullback in a channel form (yellow channel), forming a bull flag. The stock has recently broken out of this pullback channel and completed the inverted head and shoulder pattern.
- *Bullish ERC Gaps and IFDZs*: The stock has created many bullish FVGs and IFDZs, indicating strength and potential for an upside move.
🚨 TECHNICAL BUY CALL – FCCL🚨
- *Buy 1*: 47.6 (current level)
- *Buy 2*: 46.6
- *Buy 3*: 45.5
- *TP1*: 51.1
- *TP2*: 53.8
- *TP3*: 56.7
- *TP4*: 59.5
- *Stop Loss*: Below 44
- *Risk Reward Ratio*: 1:5.75
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.
- *Uptrend and Accumulation*: FCCL was in a huge uptrend till the first week of April, followed by a corrective and accumulative phase, forming an inverted head and shoulders pattern.
Current Situation : *Bull Flag and Breakout*: The stock gave a selling climax, reversed in a spike fashion, and then went into a pullback in a channel form (yellow channel), forming a bull flag. The stock has recently broken out of this pullback channel and completed the inverted head and shoulder pattern.
- *Bullish ERC Gaps and IFDZs*: The stock has created many bullish FVGs and IFDZs, indicating strength and potential for an upside move.
🚨 TECHNICAL BUY CALL – FCCL🚨
- *Buy 1*: 47.6 (current level)
- *Buy 2*: 46.6
- *Buy 3*: 45.5
- *TP1*: 51.1
- *TP2*: 53.8
- *TP3*: 56.7
- *TP4*: 59.5
- *Stop Loss*: Below 44
- *Risk Reward Ratio*: 1:5.75
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.
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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.