PACE SHORTSELL TRADEPACE been in DOWNTREND since JAN 2025.
Recent up leg has been mostly due to across the board Bullish Sentiments because of improvement in Geo Political Environment.
Current Up Move is also just a healthy Pullback in overall Downtrend.
There's strong Bearish Breaker Block overhead current levels which will obstruct any upward movement.
๐จ TECHNICAL SHORT SELL CALL โPACE ๐จ
๐ฏ SHORTSELL ZONE : 5.2-5.6
๐ TP1 : Rs. 4.7
๐ TP2 : Rs. 3.9
๐ STOP LOSS: Above Rs. 6 (Daily Close)
๐ 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.
PACE trade ideas
PACE | Bullish Continuation ExpectedThe stock is presently trading above its 200-day Exponential Moving Average (EMA), adhering to a parallel channel that signifies a bullish trend. On the daily timeframe, there is a clear formation of Higher Highs (HHs) and Higher Lows (HLs). The price has recently experienced a pullback from the support level of the parallel channel, currently hovering above this support. A retracement toward the initial resistance level of 4.45 is anticipated.
Should trading volume increase and the price break above and sustain above this resistance level, it is plausible that the price could test the upper boundary of the parallel channel, approximately 5.50. However, this bullish outlook would be invalidated if the channel breaks downward. To manage risk effectively, it is advisable to set a stop-loss order at 2.50.
PACE | Flag Pattern Need Confirmation๐ Stock Alert: *PACE*
๐ Investment View: Technically Bullish ๐
๐ Quick Info:
๐ Buy Stop: 3.05
๐ฏ Target Level : 3.65
โ Stop Loss: 2.70
โณ Nature of Trade: Short Term
๐ Risk Level: Medium
โช Shariah Compliant: NO
๐ฐ Dividend Paying: NO
๐ฐ Technical View: PACE's flag pattern breakout at 3.05 presents a compelling opportunity, with a target at 3.65 and a stop loss at 2.70 providing a structured risk-reward profile. Traders should remain vigilant and adapt their strategies as needed to capitalize on potential market movements.