SYS was in WYCKOFF re-accumulation zone from Jan 2023 to Oct 2024 - then it broke out of this re-accumulation zone and recently it has retested the breakout level and created a spring across the axis line as marked in the chart. The retest has been in a downward channel – it has broken out of this downward channel and created a higher low. Along with other factors, Volume distribution analysis supports this upward move.
🚨 TECHNICAL BUY CALL – SYS🚨
🎯 BUY ZONE: Rs. 530-560
📈 TP1 : Rs. 585
📈 TP2 : Rs. 610
📈 TP3 : Rs. 645
🛑 STOP LOSS: BELOW Rs. 505 (Daily Close)
📊 RISK-REWARD: High Conviction | 1: 3.1
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – SYS🚨
🎯 BUY ZONE: Rs. 530-560
📈 TP1 : Rs. 585
📈 TP2 : Rs. 610
📈 TP3 : Rs. 645
🛑 STOP LOSS: BELOW Rs. 505 (Daily Close)
📊 RISK-REWARD: High Conviction | 1: 3.1
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST 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.