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
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
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.