MACTER LONG TRADEMACTER was previously in uptrend posting a High of 492 and completed Elliot Waves 1-2-3-4-5, it has been in a corrective downward wave since then. It has completed golden ratio of correction and has given strong signs of upward reversal.
Four things validate its reversal upwards:
1. Crossed above 1H 20 EMA
2. Posted a Higher Low
3. Made a 1H Bullish FVG
4. Much Heavier Volumes on Up leg so far
🚨 TECHNICAL BUY CALL – MACTER🚨
🎯 BUY ZONE: Rs. 345-355
📈 TP : Rs. 430
🛑 STOP LOSS: BELOW Rs 320 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.5
Caution: Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
