NML LONG TRADE (1H)
Rationale: NML previously surged in a vertical uptrend, then consolidated in a trading range with various chart patterns. The stock is now poised to break out and resume its upward journey.
🚨 TECHNICAL BUY CALL –NML🚨
- Buy 1: Current level (Rs. 126.5)
- Buy 2: Rs. 122.6
- Buy 3: Rs. 119.1
- TP 1: Rs. 132
- TP 2: Rs. 138
- TP 3: Rs. 144
Stop Loss - Below Rs. 115 closing basis
Risk-Reward Ratio- 1: 3.1
Caution: 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.
Rationale: NML previously surged in a vertical uptrend, then consolidated in a trading range with various chart patterns. The stock is now poised to break out and resume its upward journey.
🚨 TECHNICAL BUY CALL –NML🚨
- Buy 1: Current level (Rs. 126.5)
- Buy 2: Rs. 122.6
- Buy 3: Rs. 119.1
- TP 1: Rs. 132
- TP 2: Rs. 138
- TP 3: Rs. 144
Stop Loss - Below Rs. 115 closing basis
Risk-Reward Ratio- 1: 3.1
Caution: 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.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.