Linc Ltd – Positional Trade Setup
Technical Setup:
Strong support at the 61.8% Fibonacci retracement from the previous upmove.
Weekly RSI shows positive divergence, suggesting a potential reversal.
Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support.
W-type pattern visible and forming on the weekly timeframe.
Trading above the 5 EMA on the monthly chart.
Strategy:
Go long with a strict stop-loss at ₹95.
Targets: ₹148, ₹177, and ₹200.
Maintain an average entry near the ₹95 zone for favorable risk-reward.
Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone.
Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
Technical Setup:
Strong support at the 61.8% Fibonacci retracement from the previous upmove.
Weekly RSI shows positive divergence, suggesting a potential reversal.
Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support.
W-type pattern visible and forming on the weekly timeframe.
Trading above the 5 EMA on the monthly chart.
Strategy:
Go long with a strict stop-loss at ₹95.
Targets: ₹148, ₹177, and ₹200.
Maintain an average entry near the ₹95 zone for favorable risk-reward.
Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone.
Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
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.