FEROZ trade ideas
FEROZ LONG TRADE FEROZ was in uptrend from Oct 2023 till Dec 2024 and plotted a high of 393.Afterwards, it took a healthy correction nearly to Golden Ratio of Fibonacci Retracement. It has recently confirmed its Bullish Reversal and
1. Crossed above 1D 20 EMA
2. Posted a Higher Low
3. Evidently Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – FEROZ🚨
🎯 BUY ZONE: Rs. 290-310
📈 TP1 : Rs. 339
📈 TP2 : Rs. 380
🛑 STOP LOSS: BELOW Rs 259 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4
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.
Feroz Technical Analysis: Potential Buy OpportunityFeroz currently displays a bullish trend supported by key indicators. Price has rebounded from a trendline and is trading above the 89-day EMA, a historically significant support level respected by the price action. A recent support zone bounce and alignment with the Fibonacci Golden Ratio further strengthen the bullish outlook. Buy levels are 330 (CMP) and 310, with a stop-loss set on a closing price below 275.
Happy trading!
FEROZ is showing a Bullish Flag on 1D timeframeFEROZ is in uptrend as it is forming HHs and HLs on 1D timeframe. The price chart has formed shape of a Bullish Flag whereas RSI shows no divergence. As a rule of thumb, entry position has been marked on chart in BLUE on breakout of pole. Target has been placed in GREEN. SL is visible in RED. The stock looks like a good buy at trigger levels.