Hello Everyone, I hope you all are doing well in life and in trading!
Today I’ve brought a fresh swing trading opportunity in IIFL Finance, where the stock has taken support from the 200-EMA and is formed a bullish Piercing Line pattern.
After a strong uptrend, the stock corrected and has now taken trendline support (from channel base) along with the 200-day EMA confluence, a high-probability reversal zone. A clear bullish candle indicates a potential bounce from here.
The best part? The stock still offers a great risk-reward with defined entry, stop-loss, and 3 possible targets. Please refer to the chart for full trade setup details.
This setup is purely based on price action, moving average confluence, and support zone behavior.
If you are a swing or positional trader, this setup is worth keeping on your radar!
If you found this helpful, don’t forget to LIKE & FOLLOW for more such clean technical ideas.
Disclaimer: This idea is for educational purposes only. Always do your own research before taking trades.
Today I’ve brought a fresh swing trading opportunity in IIFL Finance, where the stock has taken support from the 200-EMA and is formed a bullish Piercing Line pattern.
After a strong uptrend, the stock corrected and has now taken trendline support (from channel base) along with the 200-day EMA confluence, a high-probability reversal zone. A clear bullish candle indicates a potential bounce from here.
The best part? The stock still offers a great risk-reward with defined entry, stop-loss, and 3 possible targets. Please refer to the chart for full trade setup details.
This setup is purely based on price action, moving average confluence, and support zone behavior.
If you are a swing or positional trader, this setup is worth keeping on your radar!
If you found this helpful, don’t forget to LIKE & FOLLOW for more such clean technical ideas.
Disclaimer: This idea is for educational purposes only. Always do your own research before taking trades.
Rahul Pal | BD Manager @CoinW Exchange Dubai
Helping KOLs, Partners earn up to 70% rebate
Recommended Broker: tinyurl.com/RahulCoinW
Free Telegram: spf.bio/c1lkb
Website:realbullstrading.com
Signals:wa.me/919560602464
Helping KOLs, Partners earn up to 70% rebate
Recommended Broker: tinyurl.com/RahulCoinW
Free Telegram: spf.bio/c1lkb
Website:realbullstrading.com
Signals:wa.me/919560602464
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Rahul Pal | BD Manager @CoinW Exchange Dubai
Helping KOLs, Partners earn up to 70% rebate
Recommended Broker: tinyurl.com/RahulCoinW
Free Telegram: spf.bio/c1lkb
Website:realbullstrading.com
Signals:wa.me/919560602464
Helping KOLs, Partners earn up to 70% rebate
Recommended Broker: tinyurl.com/RahulCoinW
Free Telegram: spf.bio/c1lkb
Website:realbullstrading.com
Signals:wa.me/919560602464
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.