ITTEFAQ LONG TRADEITTEFAQ was in Downtrend from Jun 2021 till March 2023.
Then it went though Wyckoff Accumulation Phase till Jan 2025 resulting in Change of Character(CHoCH) to Bullish Side and posted a High of 10.05.
Afterwards, it went correction/pullback.
It has recently displayed signs of commencement of Bullish Trend which is confirmed by following:
1. Crossed above 1D 20 EMA and Major Axis Line
2. Posted a Higher Low
3. Evidently Heavier Wave Volumes Distribution on Up leg so far
🚨 TECHNICAL BUY CALL – ITTEFAQ🚨
🎯 BUY ZONE: Rs. 7.00-7.50
📈 TP1 : Rs. 9.70
📈 TP2 : Rs.11.80
🛑 STOP LOSS: BELOW Rs 5.50 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.5
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.
