Long Trade Setup Breakdown for (RANI) 30Mins📊
🔹 Asset: Rani Therapeutics Holdings, Inc. (RANI)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Ascending Trendline Breakout
🚀 Trade Plan (Long Position):
✅ Entry Zone: $1.84 (Breakout Confirmation)
✅ Stop-Loss (SL): $1.73 (Below Support)
🎯 Take Profit Targets (Long Trade):
📌 TP1: $1.96 (First Resistance)
📌 TP2: $2.10 (Extended Bullish Target)
📊 Risk-Reward Ratio Calculation:
📈 Risk (Stop-Loss Distance):
$1.84 - $1.73 = $0.11
📈 Reward to TP1:
$1.96 - $1.84 = $0.12
💰 Risk-Reward Ratio to TP1: 1:1.1
📈 Reward to TP2:
$2.10 - $1.84 = $0.26
💰 Risk-Reward Ratio to TP2: 1:2.4
🔍 Technical Analysis & Strategy:
📌 Breakout Confirmation: Strong buying momentum above $1.84 signals continuation.
📌 Pattern Formation: Ascending trendline breakout, indicating a bullish move.
📊 Key Support & Resistance Levels:
🟢 $1.73 (Strong Support / SL Level)
🟡 $1.84 (Breakout Zone / Entry)
🔴 $1.96 (First Profit Target / Resistance)
🟢 $2.10 (Final Target for Momentum Extension)
🚀 Momentum Shift Expected:
If price stays above $1.84, it could push towards $1.96 and $2.10.
A higher volume breakout would confirm strength in the trend.
🔥 Trade Execution & Risk Management:
📊 Volume Confirmation: Ensure buying volume remains strong after breakout.
📈 Trailing Stop Strategy: If price reaches TP1 ($1.96), move SL to entry ($1.84) to lock in profits.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $1.96, let the rest run to $2.10.
✔ Adjust Stop-Loss to Break-even ($1.84) after TP1 is hit.
⚠️ Fake Breakout Risk:
If price drops below $1.84, be cautious and watch for a retest before re-entering.
🚀 Final Thoughts:
✔ Bullish Setup – If price holds above $1.84, higher targets are expected.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.4 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀🏆
🔗 #StockTrading #RANI #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
