RUPL LONG TRADE
After hitting a low of 16.70, RUPL consolidated within a trading range (16.00 - 24.55) marked by a yellow channel. A breakdown followed, forming a bearish channel (light blue), which is essentially a bull flag. Recently, the stock broke out of this channel with a spike, signaling an upward move. After a pullback, RUPL formed bullish measuring gaps and a bullish IFDZ, indicating a safe entry point.
🚨 TECHNICAL BUY CALL – RUPL🚨
1. BUY1: 20.34 (Current Price)
2. BUY2: 18.9
3. BUY3: 17.8
TP1: 22.3
TP2: 24.5
TP3: 27.7
Stop Loss: Below 16.3 on closing basis
Risk-Reward Ratio: 2.83
Caution: Please buy in 3 parts in buying range. 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.
After hitting a low of 16.70, RUPL consolidated within a trading range (16.00 - 24.55) marked by a yellow channel. A breakdown followed, forming a bearish channel (light blue), which is essentially a bull flag. Recently, the stock broke out of this channel with a spike, signaling an upward move. After a pullback, RUPL formed bullish measuring gaps and a bullish IFDZ, indicating a safe entry point.
🚨 TECHNICAL BUY CALL – RUPL🚨
1. BUY1: 20.34 (Current Price)
2. BUY2: 18.9
3. BUY3: 17.8
TP1: 22.3
TP2: 24.5
TP3: 27.7
Stop Loss: Below 16.3 on closing basis
Risk-Reward Ratio: 2.83
Caution: Please buy in 3 parts in buying range. 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.
Trade closed: target reached
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.
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.