FTMM LONG TRADE 17-06-2025FTMM Technical Buy Call
Rationale - FTMM broke out of a prolonged range formation (since Nov 2023) at Rs. 5.02, forming a scale pattern beforehand. We expect the stock to reach minimum quantified displacement targets.
🚨 TECHNICAL BUY CALL – FTMM🚨
- Buy 1: Current level (Rs. 5.52)
- Buy 2: Rs. 5.02
- Buy 3: Rs. 4.82
- TP 1: Rs. 5.89
- TP 2: Rs. 6.45
- TP 3: Rs. 6.95
Stop Loss - Below Rs. 4.40
Risk-Reward Ratio - 3.5
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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