PIAHCLA LONG TRADE 05-06-2025PIAHCLA LONG TRADE
PIAHCLA has been trading in a converging channel since June 2024. Recently, the stock gave a breakout from this channel, preceded by a selling climax and a strong upward reversal (spring-like motion) supported by good volume gradient.
The breakout has also created an IFDZ, which will act as a barrier against downward movements. Considering these factors, we believe this trade setup has high probability and is relatively safe.
🚨 TECHNICAL BUY CALL – PIAHCLA🚨
- BUY1: 19.5 (current level)
- BUY2: 18.9
- BUY3: 18.3
- TP1: 21.6
- TP2: 23.7
🛑 STOP LOSS: BELOW 17.1 DAILY CLOSE
📊 RISK-REWARD: 1:4.5
Caution: 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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