Deepak Fertilizers - Breakout Setup (Swing Trade)
Deepak Fertilizers has reached a critical zone, and a breakout appears to be forming. Here’s the trade plan:
Entry Zone: 1134
Entry Price: Once a 15-minute candle breaks above 1134, the high of that 15-minute candle will confirm the entry.
Target: 1492.8
Stop Loss: 954.60 (Valid only if a daily candle closes below this level)
This setup offers a favorable risk-to-reward ratio. The price is testing the entry zone, and a breakout above it could lead to a potential rally towards 1492.8. The stop loss is well-defined at 954.60, which is only triggered if a daily candle closes below it.
Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
Entry Zone: 1134
Entry Price: Once a 15-minute candle breaks above 1134, the high of that 15-minute candle will confirm the entry.
Target: 1492.8
Stop Loss: 954.60 (Valid only if a daily candle closes below this level)
This setup offers a favorable risk-to-reward ratio. The price is testing the entry zone, and a breakout above it could lead to a potential rally towards 1492.8. The stop loss is well-defined at 954.60, which is only triggered if a daily candle closes below it.
Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
Trade active
Order filled at 1148.70
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.