SSOM Long Trade
Rationale: SSOM previously surged from Rs. 87 to Rs. 900 (over 10x gain) from mid-March to mid-May. Despite recent correction/consolidation, price action suggests potential for further upside.
🚨 TECHNICAL BUY CALL – SSOM🚨
- Buy 1: Current level (Rs. 775)
- Buy 2: Rs. 782
- Buy 3: Rs. 762
- TP 1: Rs. 830
- TP 2: Rs. 880
- TP 3: Rs. 922
- TP 4: Rs. 970
Stop Loss - Below Rs. 725
Risk-Reward Ratio - 1: 4.83
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: SSOM previously surged from Rs. 87 to Rs. 900 (over 10x gain) from mid-March to mid-May. Despite recent correction/consolidation, price action suggests potential for further upside.
🚨 TECHNICAL BUY CALL – SSOM🚨
- Buy 1: Current level (Rs. 775)
- Buy 2: Rs. 782
- Buy 3: Rs. 762
- TP 1: Rs. 830
- TP 2: Rs. 880
- TP 3: Rs. 922
- TP 4: Rs. 970
Stop Loss - Below Rs. 725
Risk-Reward Ratio - 1: 4.83
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.