WAVESAPP was in downtrend since December 2024 till start of May 2024. It completed last portion of its downtrend in a downward channel as seen in chart; now it has broken out of this downward channel with supported by VSA (Volume Spread Analysis).
🚨 TECHNICAL BUY CALL – WAVESAPP 🚨
🎯 BUY ZONE- Rs. 9.3-9.9
📈 TP1 : Rs. 11
📈 TP2 : Rs. 12
📈 TP3: Rs. 12.95
🛑 STOP LOSS: BELOW Rs. 8.4 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.5
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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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.