MERIT LONG TRADE - 17-06-2025 (MERIT PACKAGING)MERIT PACKAGING LTDPSX:MERITMushtaque77MERIT Technical Buy Call Rationale - MERIT broke out of a prolonged range (Rs. 7.23 - Rs. 14) since Oct 2022 with strong volume distribution, forming a bullish IFDZ and other supportive patterns. These levels are expected to act as barriers against downward movement. 🚨 TECHNICAL BUY CALL – MERIT🚨 - Buy 1: Current level (Rs. 14.92) - Buy 2: Rs. 14.20 - Buy 3: Rs. 13.50 - TP 1: Rs. 15.97 - TP 2: Rs. 17.15 - TP 3: Rs. 18.30 Stop Loss - Below Rs. 12.00 closing basis Risk-Reward Ratio- 3.31 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. PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL. 4 days ago