4090 Technical Analysis: Bullish Setup in Play4090 (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:
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!
Long