FEROZ was in uptrend from Oct 2023 till Dec 2024 and plotted a high of 393.Afterwards, it took a healthy correction nearly to Golden Ratio of Fibonacci Retracement. It has recently confirmed its Bullish Reversal and
1. Crossed above 1D 20 EMA
2. Posted a Higher Low
3. Evidently Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – FEROZ🚨
🎯 BUY ZONE: Rs. 290-310
📈 TP1 : Rs. 339
📈 TP2 : Rs. 380
🛑 STOP LOSS: BELOW Rs 259 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
1. Crossed above 1D 20 EMA
2. Posted a Higher Low
3. Evidently Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – FEROZ🚨
🎯 BUY ZONE: Rs. 290-310
📈 TP1 : Rs. 339
📈 TP2 : Rs. 380
🛑 STOP LOSS: BELOW Rs 259 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST 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.