SMCPL LONG TRADE - SECOND STRIKE (18-06-2025)SMCPL Buy Call (1H TF) - Second Strike
After a successful previous buy call, SMCPL has recently been in a downtrend channel (pink) from December to April. A selling climax marked the end of the downtrend, followed by a reversal and the formation of an inverted head and shoulders pattern, a bullish reversal pattern. With sufficient volume distribution and the presence of multiple FVGs and bullish IFDZ, this setup presents a high-probability trade.
🚨 TECHNICAL BUY CALL – SMCPL🚨
Buy Levels:
1. 18.5 (Current Price)
2. 18.2
3. 17.6
Targets:
TP1: 20.8
TP2: 22.08
TP3: 24.4
Stop Loss: Below 17 day closing
Risk-Reward Ratio: 3.6
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.
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