NBP is in uptrend since long and trading in an upward channel. Recently it made a scallop and gave a massive breakout, making a high of 99.96. Currently, it is in process of retesting its breakout level to resume the uptrend.
TECHNICAL BUY CALL– NBP
BUY1 : Rs. 92.79
BUY2 : Rs. 91.11
BUY3 : Rs. 89
📈 TP1 : Rs. 99.9
📈 TP2 : Rs. 108
STOP LOSS: BELOW Rs. 85 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.63
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.
TECHNICAL BUY CALL– NBP
BUY1 : Rs. 92.79
BUY2 : Rs. 91.11
BUY3 : Rs. 89
📈 TP1 : Rs. 99.9
📈 TP2 : Rs. 108
STOP LOSS: BELOW Rs. 85 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.63
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.