SAIF was previously in downtrend – then it showed reversal and has been trending in a Megaphone formation since May 2023. It has performed a liquidity sweep by moving below the megaphone formation, hitting the Bulling POI and sharply reversing upward with supportive Volume Gradient. Buying on pullback is recommended.
🚨 TECHNICAL BUY CALL – SAIF 🚨
🎯 BUY ZONE: Rs. 10-11.6
📈 TP1 : Rs. 15.0
📈 TP2 : Rs. 17.4
🛑 STOP LOSS: BELOW Rs. 8 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.8
Caution: Please enter/exit in 3 parts in give 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 – SAIF 🚨
🎯 BUY ZONE: Rs. 10-11.6
📈 TP1 : Rs. 15.0
📈 TP2 : Rs. 17.4
🛑 STOP LOSS: BELOW Rs. 8 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.8
Caution: Please enter/exit in 3 parts in give 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.