CLOV was in WYCKOFF accumulation phase and broke out from the consolidation with heavy volumes. Soon it retested breakout point but remained range bound for quite some time. Recently, it retouched the retest level, forming a SPRG and showed reversal, backed by heavy volumes.
🚨 TECHNICAL BUY CALL – CLOV🚨
🎯 BUY ZONE: Rs. 38-41
📈 TP : Rs. 46
🛑 STOP LOSS: BELOW Rs 34.5 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.4
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – CLOV🚨
🎯 BUY ZONE: Rs. 38-41
📈 TP : Rs. 46
🛑 STOP LOSS: BELOW Rs 34.5 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.4
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to 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.