TNPL Price Analysis

Dec 16, 2024

1. Support: Horizontal green dotted lines at 158.21 and 168.50 mark previous price levels where the market showed buying interest.
   
2. Resistance: Horizontal red line near 240.00 marks a level where the price faced selling pressure in the past.
   

Summary of the Trade Setup

• Trade Type: Long (buy).
  
• Entry Price: Around 199.48.
  
• Stop Loss: Near 173.60.
  
• Take Profit: Near 299.35.
  
• Risk: Small downside to the stop loss.
  
• Reward: Large potential upside to the take profit level.
  
  

The trade aims for a significant price increase while risking a relatively small amount, providing a favorable risk-to-reward opportunity.

Jan 23

Trade closed: stop reached

Feb 1

Note

About to Enter again cmp 169.90 sl 5% RR1:2/1:4