🧩 Chart Structure & Trend
The chart shows a bullish breakout from a short-term consolidation pattern, confirmed by a recent bounce from the uptrend support line (red ascending trendline).
The price is currently hovering near the entry level at 76, suggesting a good risk-to-reward setup if momentum continues upward.
🛡️ Risk Management
Stop Loss is well-placed below the trendline and key support level at 72.55. This helps limit downside risk if the breakout fails.
The risk from entry (76 to 72.55) is 3.45 units, and the reward (82.96 – 76) is 6.96 units, giving an R:R ratio of ~2:1, which is favorable.
📊 Technical Analysis Summary
Entry Point: 76
Stop Loss: 72.55
Target Zone: 82.50 – 82.96
The chart shows a bullish breakout from a short-term consolidation pattern, confirmed by a recent bounce from the uptrend support line (red ascending trendline).
The price is currently hovering near the entry level at 76, suggesting a good risk-to-reward setup if momentum continues upward.
🛡️ Risk Management
Stop Loss is well-placed below the trendline and key support level at 72.55. This helps limit downside risk if the breakout fails.
The risk from entry (76 to 72.55) is 3.45 units, and the reward (82.96 – 76) is 6.96 units, giving an R:R ratio of ~2:1, which is favorable.
📊 Technical Analysis Summary
Entry Point: 76
Stop Loss: 72.55
Target Zone: 82.50 – 82.96
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.