C.E. INFO SYSTEMS LTD
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MAPMYINDIA : Building up for recovery

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MapMyIndia (CE Info Systems)

  1. []Corrective Wave C Completion: The price corrected to ₹1,446, forming a liquidity zone where buyers are likely to emerge.
    []Target Zone: Fibonacci retracement and prior highs suggest targets at ₹2,303-2,406.
  2. Stop Loss Placement: Below ₹1,320, indicating a failure of buyer interest.


Trade Plan:
  1. []Entry: Buy between ₹1,446-1,500, aligning with the demand zone and the end of Wave C.
    []Target: Exit partially at ₹2,303 and fully at ₹2,406.
  2. Stop Loss: Set at ₹1,320 to protect against downside risks.


Risk-Reward:
  1. []Risk (₹1,320): ₹126 below entry at ₹1,446.
    []Reward (₹2,303): ₹857 above entry.
  2. R/R Ratio: 1:7 – an excellent swing trade setup.


Educational Tip: Corrections near Fibonacci levels (61.8%, 78.6%) often mark reversal points. Monitor price exhaustion signals like long wicks or bullish engulfing candles.

Final Thoughts: Follow your plan with discipline. Adjust trailing stop losses as the price moves in your favor. Always calculate R/R before taking any position.

Let me know if you need further refinements!

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.