SPEL LONG TRADESPEL was in uptrend in July and August 2024, and took A-B-C correction. It has been in WYCKOFF re-accumulation since October 2024. Now it has indicated starting of a new upward move because:
a. Breaker block formation on 1D TF.
b. Shifting of volumes
c. The targets have been calculated on measured move method.
🚨 TECHNICAL BUY CALL – SPEL 🚨
🎯 BUY ZONE: Rs. 40.7-43.4
📈 TP1 : Rs. 51.8
📈 TP2 : Rs. 57.3
🛑 STOP LOSS: BELOW Rs. 39 (Daily Close)
📊 RISK-REWARD: High Conviction | 1: 3.3
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.
