SCILAL | Trendline Breakout with Huge Volume
🚀 SCILAL | Trendline Breakout with Huge Volume
📊 Breakout Context: Trendline breakout confirmed with strong volume current candle, adding conviction.
Trade Plan:
💰 Buy near CMP: 48.78
🎯 Target: 68 (+39.3%)
🛑 Stop Loss: 43 (-11.8%)
⚖️ Risk/Reward Ratio: ~1 : 3.3
🔑 Key Notes
📌 Strong volume breakout suggests genuine momentum; monitor for retests.
📍 Healthy retest zone: 46–48 (as long as price holds above stop loss).
🔒 Trail stop loss upward as price advances to secure gains.
🔥 Discipline + Patience = Profits
Stay focused, respect your stop, and let the trend reward you.
📊 Breakout Context: Trendline breakout confirmed with strong volume current candle, adding conviction.
Trade Plan:
💰 Buy near CMP: 48.78
🎯 Target: 68 (+39.3%)
🛑 Stop Loss: 43 (-11.8%)
⚖️ Risk/Reward Ratio: ~1 : 3.3
🔑 Key Notes
📌 Strong volume breakout suggests genuine momentum; monitor for retests.
📍 Healthy retest zone: 46–48 (as long as price holds above stop loss).
🔒 Trail stop loss upward as price advances to secure gains.
🔥 Discipline + Patience = Profits
Stay focused, respect your stop, and let the trend reward you.
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.
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.