AIRLINK was in WYCKOFF Re-Accumulation Phase from Aug 2024 to Nov 2024 and broke out from it with supportive Vol Distribution reaching a high of 228. It then started trending in a corrective downward channel (which is actually a Bull Flag). It also has completed three pushes to channel bottom and then gave Selling Climax by breaking through the channel bottom. It has recently created SPRG on major support level. Now it’s reversal is supported by Volume Distribution as well as it crossing over EMA-20 on 1D TF.
🚨 TECHNICAL BUY CALL – AIRLINK 🚨
🎯 BUY ZONE: Rs. 156-160
📈 TP1 : Rs. 172
📈 TP2 : Rs. 182
📈 TP3 : Rs. 190.5
📈 TP4 : Rs. 203.5
🛑 STOP LOSS: BELOW Rs. 146 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
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 THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – AIRLINK 🚨
🎯 BUY ZONE: Rs. 156-160
📈 TP1 : Rs. 172
📈 TP2 : Rs. 182
📈 TP3 : Rs. 190.5
📈 TP4 : Rs. 203.5
🛑 STOP LOSS: BELOW Rs. 146 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
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 THE IDEA IF YOU FIND IT HELPFUL.
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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.