MACFL LONG TRADE (SECOND STRIKE) on MTFMACFL LONG TRADE (SECOND STRIKE) on MTF
MACFL was in Downward Corrective channel since past 6 months. Now it has given breakout of this channel, supported by Massive Volumes and has created an Axis Line on MTF during this breakout from channel.
This Axis line is a very low risk zone to enter a long trade.
🚨 TECHNICAL BUY CALL – MACFL🚨
BUY1: 18.6
BUY2: 17.7
BUY3: 17.1
📈 TP : Rs. 20.48
📈 TP : Rs. 22.21
🛑 STOP LOSS: BELOW Rs. 16 (Daily Close)
📊 RISK-REWARD: 1:4.21
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
