Stock: India Glycol Ltd (
INDIAGLYCO)
Trend: Bullish Momentum 🚀 | Risk-Reward: 1:3
Trade Parameters
🎯 Entry: ₹1,544 (Breakout Confirmation)
🛑 Stop Loss: ₹1,434 (Daily Closing Basis | ~7.1% Risk)
🎯 Targets:
₹1,594.40
₹1,646.50
₹1,700.25
₹1,755.80
₹1,813.10
₹1,873.00 (Final Target)
Technical Rationale
✅ Bullish Flag Breakout – Price surged out of consolidation, signaling trend continuation.
✅ RSI Strength – Daily & Weekly RSI >60 (bullish momentum confirmed).
✅ Volume Surge – Breakout volume 656K (vs. previous day’s 75K – 8.7x spike!).
✅ Risk-Reward Advantage – Final target (₹1,873) offers 1:3 reward potential relative to risk.
Key Observations
High-volume breakout suggests institutional/strong hands participation.
Progressive targets allow for partial profit booking.
Stop loss on daily closing basis reduces intraday volatility risks.
Trade Management
Trail SL: Move stop loss to breakeven after Target 1 is hit.
Partial Booking: Secure profits incrementally at each target.
Discipline: Stick to the SL level to avoid emotional trading.
Disclaimer 📢
This analysis is strictly educational and does NOT constitute financial advice. Trading equities carries significant risk, including potential capital loss. Past performance is no guarantee of future results. Always conduct independent research or consult a certified financial advisor before making investment decisions. The author assumes no liability for financial outcomes based on this content.
Thoughts? Are you trackingINDIAGLYCO for this setup? Comment below!
INDIAGLYCO)Trend: Bullish Momentum 🚀 | Risk-Reward: 1:3
Trade Parameters
🎯 Entry: ₹1,544 (Breakout Confirmation)
🛑 Stop Loss: ₹1,434 (Daily Closing Basis | ~7.1% Risk)
🎯 Targets:
₹1,594.40
₹1,646.50
₹1,700.25
₹1,755.80
₹1,813.10
₹1,873.00 (Final Target)
Technical Rationale
✅ Bullish Flag Breakout – Price surged out of consolidation, signaling trend continuation.
✅ RSI Strength – Daily & Weekly RSI >60 (bullish momentum confirmed).
✅ Volume Surge – Breakout volume 656K (vs. previous day’s 75K – 8.7x spike!).
✅ Risk-Reward Advantage – Final target (₹1,873) offers 1:3 reward potential relative to risk.
Key Observations
High-volume breakout suggests institutional/strong hands participation.
Progressive targets allow for partial profit booking.
Stop loss on daily closing basis reduces intraday volatility risks.
Trade Management
Trail SL: Move stop loss to breakeven after Target 1 is hit.
Partial Booking: Secure profits incrementally at each target.
Discipline: Stick to the SL level to avoid emotional trading.
Disclaimer 📢
This analysis is strictly educational and does NOT constitute financial advice. Trading equities carries significant risk, including potential capital loss. Past performance is no guarantee of future results. Always conduct independent research or consult a certified financial advisor before making investment decisions. The author assumes no liability for financial outcomes based on this content.
Thoughts? Are you tracking
INDIAGLYCO for this setup? Comment below!Trade active
1st Target Completed......Enjoy the moneyrain guys.......Trade closed: target reached
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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.
Related publications
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.