FLYING LONG TRADE
FLYING completed its Wyckoff Events and gave a breakout and successfully retested breakout. Post that, entered first wave/ Spike Phase and plotted Historical Highs. Now it is expected to trend in a channel phase, with slower momentum than before (expected) but still in uptrend making HHs and HLs. Also, it has started its third and final up leg. Volume Gradient is encouraging towards FLYING CEMENT up-move journey.
🚨 TECHNICAL BUY CALL –FLYING 🚨
BUY1: 59.9
BUY2: 57.5
BUY3: 54.1
📈 TP1 : Rs. 64.2
📈 TP2 : Rs. 69.77
📈 TP2 : Rs. 78.33
🛑 STOP LOSS: BELOW Rs. 46 (Daily Close)
📊 RISK-REWARD: 1:2.85
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.
FLYING completed its Wyckoff Events and gave a breakout and successfully retested breakout. Post that, entered first wave/ Spike Phase and plotted Historical Highs. Now it is expected to trend in a channel phase, with slower momentum than before (expected) but still in uptrend making HHs and HLs. Also, it has started its third and final up leg. Volume Gradient is encouraging towards FLYING CEMENT up-move journey.
🚨 TECHNICAL BUY CALL –FLYING 🚨
BUY1: 59.9
BUY2: 57.5
BUY3: 54.1
📈 TP1 : Rs. 64.2
📈 TP2 : Rs. 69.77
📈 TP2 : Rs. 78.33
🛑 STOP LOSS: BELOW Rs. 46 (Daily Close)
📊 RISK-REWARD: 1:2.85
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.