📊 Trade Setup Summary – Madras Fertilisers Ltd (NSE: MFL)
Element Details
Entry Around ₹99.12
Target ₹104.5 to ₹108 (approx. 5–9%)
Stop-Loss Below ₹88
Risk:Reward 1:2 (ideal setup)
Volume Massive spike – likely breakout volume
Bollinger Bands Breakout above mid-band, retest near lower band = strength
📌 Strategy Logic
Fib Retracement (0.382–0.5) zone held well – classic pullback area.
Bullish candle with strong volume indicates continuation after consolidation.
Bollinger midline bounce + volume confirms institutional interest.
✅ Target Expectation
Expect 4–5% move in 3–5 sessions, if the breakout sustains.
First resistance zone near ₹104–105, stronger resistance near ₹108–110.
⚠️ Final Notes:
💬 Don’t be greedy. Expect 4–5%.
🧠 Do your own analysis before executing trades like this.
Element Details
Entry Around ₹99.12
Target ₹104.5 to ₹108 (approx. 5–9%)
Stop-Loss Below ₹88
Risk:Reward 1:2 (ideal setup)
Volume Massive spike – likely breakout volume
Bollinger Bands Breakout above mid-band, retest near lower band = strength
📌 Strategy Logic
Fib Retracement (0.382–0.5) zone held well – classic pullback area.
Bullish candle with strong volume indicates continuation after consolidation.
Bollinger midline bounce + volume confirms institutional interest.
✅ Target Expectation
Expect 4–5% move in 3–5 sessions, if the breakout sustains.
First resistance zone near ₹104–105, stronger resistance near ₹108–110.
⚠️ Final Notes:
💬 Don’t be greedy. Expect 4–5%.
🧠 Do your own analysis before executing trades like this.
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Publicações relacionadas
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.