HINO Technical Buy Call
Rationale : HINO broke out of a downtrend channel (marked in pink) from the beginning of this year, previously achieving targets after our call. We identify a second opportunity for a profitable trade.
🚨 TECHNICAL BUY CALL – HINO🚨
- Buy 1: Current level (Rs. 419)
- Buy 2: Rs. 410
- Buy 3: Rs. 398
- TP 1: Rs. 440
- TP 2: Rs. 456
- TP 3: Rs. 480
- TP 4: Rs. 499
Stop Loss - Below Rs. 374 closing basis
Risk-Reward Ratio - 1:4
Caution: 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 : HINO broke out of a downtrend channel (marked in pink) from the beginning of this year, previously achieving targets after our call. We identify a second opportunity for a profitable trade.
🚨 TECHNICAL BUY CALL – HINO🚨
- Buy 1: Current level (Rs. 419)
- Buy 2: Rs. 410
- Buy 3: Rs. 398
- TP 1: Rs. 440
- TP 2: Rs. 456
- TP 3: Rs. 480
- TP 4: Rs. 499
Stop Loss - Below Rs. 374 closing basis
Risk-Reward Ratio - 1:4
Caution: 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.
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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.