SMCPL LONG TRADE
After a recent downtrend, SMCPL is showing signs of upper reversal in the form of an inverted head and shoulders pattern. This reversal is accompanied by increased volumes, adding credibility to the potential upside movement. The stock has created a flipped institutional demand zone and a gap, making this a safe long trade opportunity.
🚨 TECHNICAL BUY CALL – SMCPL🚨
- Buy 1: PKR 19 (current level)
- Buy 2: PKR 18
- Buy 3: PKR 18.1
- TP1: PKR 20
- TP2: PKR 20.94
- TP3: PKR 22.12
- TP4: PKR 23.40
- TP5: PKR 24.40
*Stop Loss:* Below PKR 17.7 Daily Close
*Risk-Reward Ratio:* 1:6.6
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.
After a recent downtrend, SMCPL is showing signs of upper reversal in the form of an inverted head and shoulders pattern. This reversal is accompanied by increased volumes, adding credibility to the potential upside movement. The stock has created a flipped institutional demand zone and a gap, making this a safe long trade opportunity.
🚨 TECHNICAL BUY CALL – SMCPL🚨
- Buy 1: PKR 19 (current level)
- Buy 2: PKR 18
- Buy 3: PKR 18.1
- TP1: PKR 20
- TP2: PKR 20.94
- TP3: PKR 22.12
- TP4: PKR 23.40
- TP5: PKR 24.40
*Stop Loss:* Below PKR 17.7 Daily Close
*Risk-Reward Ratio:* 1:6.6
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.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。