RPL was in an Upward Channel since Dec 2023, making high of 22.46. afterwards, it posted a Lower High (LH) and traded in a Downward Corrective Channel till recently – Remember, a Downward Channel is a Bull Flag! The retracement lasted till Fibb Golden Ratio and it made a beautiful SPRG reaction at its Major Support, indicating potential reversal which was confirmed by substantial Volume Gradient, ER breakout candle and Price crossing above EMA-20 on 1D TF.
🚨 TECHNICAL BUY CALL – RPL 🚨
🎯 BUY ZONE: Rs. 14.8-16.8
📈 TP1 : Rs. 18.5
📈 TP2 : Rs. 20.55
🛑 STOP LOSS: BELOW Rs. 13.85 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:6
Caution: Please buy in 3 parts in buying range. 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 – RPL 🚨
🎯 BUY ZONE: Rs. 14.8-16.8
📈 TP1 : Rs. 18.5
📈 TP2 : Rs. 20.55
🛑 STOP LOSS: BELOW Rs. 13.85 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:6
Caution: Please buy in 3 parts in buying range. 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.