Observing a potential rebound from the bottom of Wave 4 on the hourly candle, POLYCAB shows promise in surpassing its previous swing high.
Trade Details:
Buy Call Initiated at CMP (Current Market Price): $5295
Stop Loss: $5190
Target: $5600
📊 Trade Rationale:
This buy call is based on the anticipation of a rebound, with the potential for POLYCAB to break its previous swing high. The technical analysis suggests a favorable risk-reward ratio.
⚖️ Risk Management:
A strategic stop loss at $5190 has been implemented to manage potential downside risks.
🎯 Target Range:
The target range is set at $5600, aligning with the anticipated upward movement in the stock.
📈 Trade Execution:
Execute the buy call with diligence, monitoring the market closely for any developments.
Happy Trading! 🌐💹
Trade Details:
Buy Call Initiated at CMP (Current Market Price): $5295
Stop Loss: $5190
Target: $5600
📊 Trade Rationale:
This buy call is based on the anticipation of a rebound, with the potential for POLYCAB to break its previous swing high. The technical analysis suggests a favorable risk-reward ratio.
⚖️ Risk Management:
A strategic stop loss at $5190 has been implemented to manage potential downside risks.
🎯 Target Range:
The target range is set at $5600, aligning with the anticipated upward movement in the stock.
📈 Trade Execution:
Execute the buy call with diligence, monitoring the market closely for any developments.
Happy Trading! 🌐💹
Trade closed: target reached:
Target Achived,
Now Modifiy SL on every 100 points by 70 Points
Happy Trading
Now Modifiy SL on every 100 points by 70 Points
Happy Trading