FCL LONG TRADEFCL was previously in uptrend posting a High of 29.70, it has been in a corrective downward eg since then. It has given strong signs of upward reversal.
fOUR things validate its reversal upwards:
1. Crossed above 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish Breaker Block
4. Much Heavier Volumes on Up leg so far(47M)
🚨 TECHNICAL BUY CALL – FCL 🚨
🎯 BUY ZONE: Rs. 23.00-23.30
📈 TP 1: Rs. 24.99
📈 TP 2: Rs. 25.80
🛑 STOP LOSS: BELOW Rs 22.40 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
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.
