MERIT LONG TRADE - 17-06-2025 (MERIT PACKAGING)

MERIT Technical Buy Call
Rationale - MERIT broke out of a prolonged range (Rs. 7.23 - Rs. 14) since Oct 2022 with strong volume distribution, forming a bullish IFDZ and other supportive patterns. These levels are expected to act as barriers against downward movement.

🚨 TECHNICAL BUY CALL – MERIT🚨

- Buy 1: Current level (Rs. 14.92)
- Buy 2: Rs. 14.20
- Buy 3: Rs. 13.50

- TP 1: Rs. 15.97
- TP 2: Rs. 17.15
- TP 3: Rs. 18.30

Stop Loss - Below Rs. 12.00 closing basis

Risk-Reward Ratio- 3.31

Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
4 days ago