4190 (Jarir Marketing Co.)
Price has broken out of a consolidation range that extended from December 2024. It is trading above the 89 EMA — a level it has historically respected, reinforcing the bullish structure. RSI is also in sync with the move, adding further confirmation.
If price reaches TP1, there is a strong likelihood it will attempt to fill the previous gap down, aligning with TP2. The stop loss is set below the 89 EMA at 12.70 on a closing basis, while traders may consider scaling the stop upward as the trend progresses.
Recommended Levels:
Potential upside remains as long as price sustains above the breakout zone and the 89 EMA. Happy trading!
Price has broken out of a consolidation range that extended from December 2024. It is trading above the 89 EMA — a level it has historically respected, reinforcing the bullish structure. RSI is also in sync with the move, adding further confirmation.
If price reaches TP1, there is a strong likelihood it will attempt to fill the previous gap down, aligning with TP2. The stop loss is set below the 89 EMA at 12.70 on a closing basis, while traders may consider scaling the stop upward as the trend progresses.
Recommended Levels:
- Buy: 13.14 (CMP)
- Stop Loss: Closing below 12.70
- Take Profit 1: 13.60
- Take Profit 2: 14.50
- Take Profit 3: Ride the trend with a trailing stop
Potential upside remains as long as price sustains above the breakout zone and the 89 EMA. Happy trading!
Trade ativo
Price gapped up and TP2 got hit!
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.