MACFL LONG TRADE (SECOND STRIKE) on MTF
MACFL was in Downward Corrective channel since past 6 months. Now it has given breakout of this channel, supported by Massive Volumes and has created an Axis Line on MTF during this breakout from channel.
This Axis line is a very low risk zone to enter a long trade.
🚨 TECHNICAL BUY CALL – MACFL🚨
BUY1: 18.6
BUY2: 17.7
BUY3: 17.1
📈 TP : Rs. 20.48
📈 TP : Rs. 22.21
🛑 STOP LOSS: BELOW Rs. 16 (Daily Close)
📊 RISK-REWARD: 1:4.21
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.
MACFL was in Downward Corrective channel since past 6 months. Now it has given breakout of this channel, supported by Massive Volumes and has created an Axis Line on MTF during this breakout from channel.
This Axis line is a very low risk zone to enter a long trade.
🚨 TECHNICAL BUY CALL – MACFL🚨
BUY1: 18.6
BUY2: 17.7
BUY3: 17.1
📈 TP : Rs. 20.48
📈 TP : Rs. 22.21
🛑 STOP LOSS: BELOW Rs. 16 (Daily Close)
📊 RISK-REWARD: 1:4.21
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.