FECTC Technical Long & Investment Buy Call
Rationale: FECTC broke out of a range in Oct 2024, achieved a target of 132, and then corrected in an ABC pattern. After pulling back to the breakout level, the stock shows good price action with volumes, suggesting a resumption of the uptrend.
🚨 TECHNICAL BUY CALL – FECTEC🚨
- Buy 1: Current level (Rs. 77-76.8)
- Buy 2: Rs. 69.6
- Buy 3: Rs. 62.4
- TP 1: Rs. 97.52
- TP 2: Rs. 113.5
- TP 3: Rs. 129.5
- Long-term Investment TP: Rs. 159.8
Stop Loss- Below Rs. 50.8
Risk-Reward Ratio- 1:5
Caution: 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.
Rationale: FECTC broke out of a range in Oct 2024, achieved a target of 132, and then corrected in an ABC pattern. After pulling back to the breakout level, the stock shows good price action with volumes, suggesting a resumption of the uptrend.
🚨 TECHNICAL BUY CALL – FECTEC🚨
- Buy 1: Current level (Rs. 77-76.8)
- Buy 2: Rs. 69.6
- Buy 3: Rs. 62.4
- TP 1: Rs. 97.52
- TP 2: Rs. 113.5
- TP 3: Rs. 129.5
- Long-term Investment TP: Rs. 159.8
Stop Loss- Below Rs. 50.8
Risk-Reward Ratio- 1:5
Caution: 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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.