RPL LONG TRADERPL was in an Upward Channel since Dec 2023, making high of 22.46. afterwards, it posted a Lower High (LH) and traded in a Downward Corrective Channel till recently – Remember, a Downward Channel is a Bull Flag! The retracement lasted till Fibb Golden Ratio and it made a beautiful SPRG reaction at its Major Support, indicating potential reversal which was confirmed by substantial Volume Gradient, ER breakout candle and Price crossing above EMA-20 on 1D TF.
🚨 TECHNICAL BUY CALL – RPL 🚨
🎯 BUY ZONE: Rs. 14.8-16.8
📈 TP1 : Rs. 18.5
📈 TP2 : Rs. 20.55
🛑 STOP LOSS: BELOW Rs. 13.85 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:6
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.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
