FTMM Technical Buy Call
Rationale - FTMM broke out of a prolonged range formation (since Nov 2023) at Rs. 5.02, forming a scale pattern beforehand. We expect the stock to reach minimum quantified displacement targets.
🚨 TECHNICAL BUY CALL – FTMM🚨
- Buy 1: Current level (Rs. 5.52)
- Buy 2: Rs. 5.02
- Buy 3: Rs. 4.82
- TP 1: Rs. 5.89
- TP 2: Rs. 6.45
- TP 3: Rs. 6.95
Stop Loss - Below Rs. 4.40
Risk-Reward Ratio - 3.5
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 AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Rationale - FTMM broke out of a prolonged range formation (since Nov 2023) at Rs. 5.02, forming a scale pattern beforehand. We expect the stock to reach minimum quantified displacement targets.
🚨 TECHNICAL BUY CALL – FTMM🚨
- Buy 1: Current level (Rs. 5.52)
- Buy 2: Rs. 5.02
- Buy 3: Rs. 4.82
- TP 1: Rs. 5.89
- TP 2: Rs. 6.45
- TP 3: Rs. 6.95
Stop Loss - Below Rs. 4.40
Risk-Reward Ratio - 3.5
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 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.