NML LONG TRADE (1H)
Rationale: NML previously surged in a vertical uptrend, then consolidated in a trading range with various chart patterns. The stock is now poised to break out and resume its upward journey.
🚨 TECHNICAL BUY CALL –NML🚨
- Buy 1: Current level (Rs. 126.5)
- Buy 2: Rs. 122.6
- Buy 3: Rs. 119.1
- TP 1: Rs. 132
- TP 2: Rs. 138
- TP 3: Rs. 144
Stop Loss - Below Rs. 115 closing basis
Risk-Reward Ratio- 1: 3.1
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: NML previously surged in a vertical uptrend, then consolidated in a trading range with various chart patterns. The stock is now poised to break out and resume its upward journey.
🚨 TECHNICAL BUY CALL –NML🚨
- Buy 1: Current level (Rs. 126.5)
- Buy 2: Rs. 122.6
- Buy 3: Rs. 119.1
- TP 1: Rs. 132
- TP 2: Rs. 138
- TP 3: Rs. 144
Stop Loss - Below Rs. 115 closing basis
Risk-Reward Ratio- 1: 3.1
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.
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.