FLYING SHORT-SELL/EXIT CALLFLYING was previously in Accumulation Phase from Jan 2025 till April 2025 – It broke out of this phase and plotted a high of 56, with remarkable Volume Distribution. It has completed Elliot Waves 1-2-3-4-5 of uptrend. In last up-wave, it has gone through SOT and variation in Volume Gradient. These factors suggest an impending corrective wave A-B-c in coming days.
🚨 TECHNICAL SHORT-SELL/EXIT CALL – FLYING 🚨
🎯 SHORT-SELL/EXIT ZONE: Rs. 54-50.1
📈 TP1 : Rs. 45.9
📈 TP2 : Rs. 38.7
🛑 STOP LOSS: ABOVE Rs. 57.5 (Daily Close)
NOTE – Prices are of ready market
📊 RISK-REWARD: Medium Conviction | 1:2.34
Caution: Please enter/exit in 3 parts in give 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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