NRL was in Wyckoff accumulation. After making Automatic Rally,I t made a spring from the channel bottom. Additionally, it is narrowing at the apex of its triangle. Its reversal is confirmed as it:
1. Crossed above 1D 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 – NRL🚨
🎯 BUY ZONE: Rs. 220-240 (BUY AFTER PULLBACK)
📈 TP1 : Rs. 302
📈 TP2 : Rs. 383
🛑 STOP LOSS: BELOW Rs. 182 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:10
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. Made a 1H Bullish FVG
4. Much Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – NRL🚨
🎯 BUY ZONE: Rs. 220-240 (BUY AFTER PULLBACK)
📈 TP1 : Rs. 302
📈 TP2 : Rs. 383
🛑 STOP LOSS: BELOW Rs. 182 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:10
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.