EPQL LONG TRADEEPQL was previously in downtrend, then it switched to WYCKOFF Accumulation Phase from Oct 2024 to March 2025. Then it broke out of this accumulation phase with supportive volume distribution. Recently, it has retraced back to the Demand Zone which caused the breakout. It is ready to resume its ascend.
🚨 TECHNICAL BUY CALL – EPQL🚨
🎯 BUY ZONE: Rs. 26-28
📈 TP1 : Rs. 34.8
📈 TP2 : Rs. 41.6
🛑 STOP LOSS: BELOW Rs. 24.5 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:5.8
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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EPQL trade ideas
EPQL - Swing Trade SetupThe current price action is testing the support of an ascending parallel channel. A potential pullback from the 26 level, which aligns with the channel's support, is anticipated. If the price rebounds from this level, a swing trade setup could be confirmed, with a possible target of 38.
However, the MACD indicator has recently crossed over to the downside on weekly time frame, with red histograms forming. To confirm a more reliable entry point, we will await a reversal signal from the MACD indicator.