CHCC has been trading in Downtrend perfect channel since Dec 2024.
Downward Volume Gradient on down waves have been on higher side than up waves.
It has once again been rejected by Supply Zone at the top of the Channel.
This whole scenario makes CHCC High Probability Short Trade.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – CHCC 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 270-260
📈 TP1 : Rs. 250
📈 TP2 : Rs. 222
🛑 STOP LOSS: ABOVE Rs. 285 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3.3
Caution: Please enter/exit in 3 parts in give 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.
Downward Volume Gradient on down waves have been on higher side than up waves.
It has once again been rejected by Supply Zone at the top of the Channel.
This whole scenario makes CHCC High Probability Short Trade.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – CHCC 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 270-260
📈 TP1 : Rs. 250
📈 TP2 : Rs. 222
🛑 STOP LOSS: ABOVE Rs. 285 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: High Conviction | 1:3.3
Caution: Please enter/exit in 3 parts in give 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.
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.