MACTER was previously in uptrend posting a High of 492 and completed Elliot Waves 1-2-3-4-5, it has been in a corrective downward wave since then. It has completed golden ratio of correction and has given strong signs of upward reversal.
Four things validate its reversal upwards:
1. Crossed above 1H 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish FVG
4. Much Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – MACTER🚨
🎯 BUY ZONE: Rs. 345-355
📈 TP : Rs. 430
🛑 STOP LOSS: BELOW Rs 320 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
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.
Four things validate its reversal upwards:
1. Crossed above 1H 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish FVG
4. Much Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – MACTER🚨
🎯 BUY ZONE: Rs. 345-355
📈 TP : Rs. 430
🛑 STOP LOSS: BELOW Rs 320 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
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.