4090 (Taiba Investment Company)
Price bounced from strong weekly support, followed by a breakout from the downward trendline. A bullish divergence on RSI, along with a classic “Three White Soldiers” pattern, reinforces the bullish outlook.
The first buy is positioned at CMP, with Buy 2 placed in case of a healthy dip to secure a stronger average. Risk is managed with a stop below weekly support at 35, while profit targets aim to capture the next leg of upside momentum.
Recommended Levels:
Potential upside remains as long as weekly support holds. Happy trading!
Price bounced from strong weekly support, followed by a breakout from the downward trendline. A bullish divergence on RSI, along with a classic “Three White Soldiers” pattern, reinforces the bullish outlook.
The first buy is positioned at CMP, with Buy 2 placed in case of a healthy dip to secure a stronger average. Risk is managed with a stop below weekly support at 35, while profit targets aim to capture the next leg of upside momentum.
Recommended Levels:
- Buy 1: 38.64 (CMP)
- Buy 2: 37.00
- Stop Loss: Closing below 35
- Take Profit 1: 42.00
- Take Profit 2: 45.40
Potential upside remains as long as weekly support holds. Happy trading!
Trade active
TP1 hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.