Deepak Fertilizers - Breakout Setup (Swing Trade)
Updated
Deepak Fertilizers has reached a critical zone, and a breakout appears to be forming. Here’s the trade plan:
Entry Zone: 1134
Entry Price: Once a 15-minute candle breaks above 1134, the high of that 15-minute candle will confirm the entry.
Target: 1492.8
Stop Loss: 954.60 (Valid only if a daily candle closes below this level)
This setup offers a favorable risk-to-reward ratio. The price is testing the entry zone, and a breakout above it could lead to a potential rally towards 1492.8. The stop loss is well-defined at 954.60, which is only triggered if a daily candle closes below it.
Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
Entry Zone: 1134
Entry Price: Once a 15-minute candle breaks above 1134, the high of that 15-minute candle will confirm the entry.
Target: 1492.8
Stop Loss: 954.60 (Valid only if a daily candle closes below this level)
This setup offers a favorable risk-to-reward ratio. The price is testing the entry zone, and a breakout above it could lead to a potential rally towards 1492.8. The stop loss is well-defined at 954.60, which is only triggered if a daily candle closes below it.
Disclaimer: This post is for educational purposes only and not financial advice. Always manage your risk and trade responsibly.
Trade active
Order filled at 1148.70
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