We're diving into the charts of FACT Fertilizers and Chemicals to uncover potential trade setups.
Current Situation ๐:
LTF Analysis: Currently, FACT is nestled in the 75-min demand zone, specifically the Rally 2 Base Rally (R2BR) zone.
ITF Overview: The Intermediate Time Frame (ITF) shows a clear uptrend. The price is comfortably trading at the daily EMA20
HTF Insights: Zooming out to the Higher Time Frame (HTF), the weekly chart indicates a strong uptrend, and there's a clear path upside with no resistance in sight.
Enter at the 75-min current demand zone, Risk-to-Reward Ratio: Aim for a lucrative 1:3.
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Trade with confidence, and let your profits run like a river. Embrace the journey!
Disclaimer ๐จ: This analysis is for educational purposes only. We aren't SEBI registered analysts. Trade responsibly.
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After 13 days, we are on track to achieve a 10% target today. It's common for small stop losses to be triggered, but our accomplishment lies in the fact that our targets are substantial, making each winning trade outweigh the impact of smaller losses. Both stop loss (SL) and target levels are crucial keys to becoming a successful trader.