Linc Ltd: Cash IdeaLinc Ltd – Positional Trade Setup
Technical Setup:
Strong support at the 61.8% Fibonacci retracement from the previous upmove.
Weekly RSI shows positive divergence, suggesting a potential reversal.
Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support.
W-type pattern visible and forming on the weekly timeframe.
Trading above the 5 EMA on the monthly chart.
Strategy:
Go long with a strict stop-loss at ₹95.
Targets: ₹148, ₹177, and ₹200.
Maintain an average entry near the ₹95 zone for favorable risk-reward.
Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone.
Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
