SSML LONG TRADESSML broke out from its WYCKOFF Accumulation Phase with heavy volume, back to back caps and reached a high of 28. Then it started pullback in a Bearish Channel- forming a Bull Flag. Now it has retested the previous breakout level and also gave breakout from the downward channel, with supportive Volume Distribution. The price is trading above EMA-20.
🚨 TECHNICAL BUY CALL – SSML 🚨
🎯 BUY ZONE: Rs. 15.3-18
📈 TP1 : Rs. 19.9
📈 TP2 : Rs. 22.7
📈 TP3 : Rs. 26
🛑 STOP LOSS: BELOW Rs. 11.5 (Daily Close)
📊 RISK-REWARD: Medium Conviction | 1:2.81
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.
