PACE LONG TRADE
Rationale
PACE recently completed an ABC correction within a bearish channel, which acted as a bull flag. The stock broke out of this channel with significantly high volumes (5x) and strong follow-through, indicating potential upside.
🚨 TECHNICAL BUY CALL – PACE🚨
- Buy 1: Current level (Rs. 6.32)
- Buy 2: Rs. 5.9
- Buy 3: Rs. 5.7
- TP 1: Rs. 6.7
- TP 2: Rs. 7.0
- TP 3: Rs. 7.4
- TP 4: Rs. 7.8
Stop Loss - Below Rs. 5.5 closing basis
Risk-Reward Ratio- 1:3.2
Caution: 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.
Rationale
PACE recently completed an ABC correction within a bearish channel, which acted as a bull flag. The stock broke out of this channel with significantly high volumes (5x) and strong follow-through, indicating potential upside.
🚨 TECHNICAL BUY CALL – PACE🚨
- Buy 1: Current level (Rs. 6.32)
- Buy 2: Rs. 5.9
- Buy 3: Rs. 5.7
- TP 1: Rs. 6.7
- TP 2: Rs. 7.0
- TP 3: Rs. 7.4
- TP 4: Rs. 7.8
Stop Loss - Below Rs. 5.5 closing basis
Risk-Reward Ratio- 1:3.2
Caution: 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.
Trade ativo
FLIP TRADE CALL ISSUEDTrade fechado manualmente
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.
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.