POL LONG TRADE
POL is in uptrend on 1W chart (yellow channel) since end of 2015. Within this channel, it is now following an upward trend line (blue dotted line) since Oct 2022.
It touched the top of the 1W channel in Dec 2024 and started its Downward leg (pink channel).
If we zoom into lower TF (1H - upper window), POL has broken out of this downward channel in a Spike & Gap Fashion with sufficient Volume Gradient creating a Bullish Breaker Block and FVG.
Trade is considered low risk at this Juncture.
🚨 TECHNICAL BUY CALL – POL 🚨
BUY1: 527
BUY2: 524
BUY3: 521
📈 TP1 : Rs. 552
📈 TP2 : Rs. 574
📈 TP3 : Rs. 596
🛑 STOP LOSS: BELOW Rs. 510 (Daily Close)
📊 RISK-REWARD: | 1:3
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.
POL is in uptrend on 1W chart (yellow channel) since end of 2015. Within this channel, it is now following an upward trend line (blue dotted line) since Oct 2022.
It touched the top of the 1W channel in Dec 2024 and started its Downward leg (pink channel).
If we zoom into lower TF (1H - upper window), POL has broken out of this downward channel in a Spike & Gap Fashion with sufficient Volume Gradient creating a Bullish Breaker Block and FVG.
Trade is considered low risk at this Juncture.
🚨 TECHNICAL BUY CALL – POL 🚨
BUY1: 527
BUY2: 524
BUY3: 521
📈 TP1 : Rs. 552
📈 TP2 : Rs. 574
📈 TP3 : Rs. 596
🛑 STOP LOSS: BELOW Rs. 510 (Daily Close)
📊 RISK-REWARD: | 1:3
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.