SAIF LONG TRADE (SAIF TEXTILE)SAIF was previously in downtrend – then it showed reversal and has been trending in a Megaphone formation since May 2023. It has performed a liquidity sweep by moving below the megaphone formation, hitting the Bulling POI and sharply reversing upward with supportive Volume Gradient. Buying on pullback is recommended.
🚨 TECHNICAL BUY CALL – SAIF 🚨
🎯 BUY ZONE: Rs. 10-11.6
📈 TP1 : Rs. 15.0
📈 TP2 : Rs. 17.4
🛑 STOP LOSS: BELOW Rs. 8 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3.8
Caution: Please enter/exit in 3 parts in give range. 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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