PAKRI LONG TRADE - (1H TF) 06-06-2025PAKRI LONG TRADE
PAKRI spent five years in WYCKOFF Accommodation and then broke out, making a high of 16.59. After correction, it took support from its demand flip zone and started another leg, ending with a high of 17.7.
As per Elliot Waves, these were 1-2-3 impulse waves and now this was 4th corrective wave. Pakri entered correction and took support from its major trend line.
It showed reversal from Major Trendline Support and is trending in an upward channel. Having touched the top of the channel (second push), PAKRI is expected to make a third push as the Price Action suggests – along with Volume Profile Values. (1H TF)
🚨 TECHNICAL BUY CALL – PAKRI 🚨
BUY: 13.25-13.45
📈 TP1 : Rs. 13.92
📈 TP2 : Rs. 14.44
📈 TP3 : Rs. 15
🛑 STOP LOSS: BELOW Rs. 12.8 (Daily Close)
📊 RISK-REWARD: 1:3
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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