Tug of War in Paradeep PhosphateNSE:PARADEEP
This chart is like a tug-of-war. Bears are defending 195–198, bulls are protecting 183. A breakout above 198 can flip the trend bullish again, opening the road back to 218–230. Risk is limited to 183, so reward is favorable.
✍ Entry:
Aggressive entry → current levels (193).
Safer entry → only above 198 breakout with volume.
🚩 Stop-Loss:
Logical SL: 183 (below strong support).
Conservative SL: 178 (below swing low).
🎯 Targets:
Target 1 → 205
Target 2 → 218
Target 3 → 230
💡 Pyramiding Strategy:
1. First lot near 193–195 (anticipation entry).
2. Add more above 198 breakout with volume, trail SL to 190.
3. Add final lot above 205, trail SL to 198.
Ride till 218–230 for full move.
