SSML broke out from its WYCKOFF Accumulation Phase with heavy volume, back to back caps and reached a high of 28. Then it started pullback in a Bearish Channel- forming a Bull Flag. Now it has retested the previous breakout level and also gave breakout from the downward channel, with supportive Volume Distribution. The price is trading above EMA-20.
🚨 TECHNICAL BUY CALL – SSML 🚨
🎯 BUY ZONE: Rs. 15.3-18
📈 TP1 : Rs. 19.9
📈 TP2 : Rs. 22.7
📈 TP3 : Rs. 26
🛑 STOP LOSS: BELOW Rs. 11.5 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.81
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 – SSML 🚨
🎯 BUY ZONE: Rs. 15.3-18
📈 TP1 : Rs. 19.9
📈 TP2 : Rs. 22.7
📈 TP3 : Rs. 26
🛑 STOP LOSS: BELOW Rs. 11.5 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.81
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.