PPL was in uptrend – but it broke its uptrend trend line in 1st week of April and created a Bearish Breaker Block. It has now retested the breakdown level and resumed the downward move. Volume distribution analysis supports its downward move in near future.
🚨 TECHNICAL SHORT SELL CALL – PPL🚨
🎯 BUY ZONE: Rs. 170-178
📈 TP1 : Rs. 165
📈 TP2 : Rs. 156
🛑 STOP LOSS: BELOW Rs. 185 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1: 2.3
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.
🚨 TECHNICAL SHORT SELL CALL – PPL🚨
🎯 BUY ZONE: Rs. 170-178
📈 TP1 : Rs. 165
📈 TP2 : Rs. 156
🛑 STOP LOSS: BELOW Rs. 185 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1: 2.3
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.
Trade closed: target reached
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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.