FTMM โ FREEMIUM BUY IDEA | BREAKOUT ATTEMP๐ข FTMM โ FREEMIUM BUY IDEA | BREAKOUT ATTEMPT | TPs: 22.55 โ 23.85 โ 27.54 โ 31.22 โ 34.57
CMP: 20.16 | Risk: High | Trade Type: Short-Term / Swing
FTMM is attempting a major descending trendline breakout with strong momentum. Sustaining above 19.50โ20.00 should strengthen the bullish structure and open room towards 22.55โ23.85, followed by higher extensions.
๐ Buy Range: 19.50 โ 20.30
๐ก๏ธ SL: 16.49 (Closing Basis)
๐ฏ TP1: 22.55 โ 23.85
๐ฏ TP2: 27.54 โ 27.93
๐ TP3: 31.22
๐ Extended TP: 34.57
FREEMIUM CALL | High-Risk Setup โ Manage exposure accordingly.
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๏ปฟFTMM LONG TRADE 17-06-2025FTMM Technical Buy Call
Rationale - FTMM broke out of a prolonged range formation (since Nov 2023) at Rs. 5.02, forming a scale pattern beforehand. We expect the stock to reach minimum quantified displacement targets.
๐จ TECHNICAL BUY CALL โ FTMM๐จ
- Buy 1: Current level (Rs. 5.52)
- Buy 2: Rs. 5.02
- Buy 3: Rs. 4.82
- TP 1: Rs. 5.89
- TP 2: Rs. 6.45
- TP 3: Rs. 6.95
Stop Loss - Below Rs. 4.40
Risk-Reward Ratio - 3.5
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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