Get started
INOX WIND LTD
Long

INOXWIND breakout SUCCESSFUL

By finnova_
INOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.

Reason:
  1. descending bullish triangle pattern breakout confirmation.
  2. RSI is breaking 60 to upside nice strength in the trend.
  3. Support at VWAP
  4. Successful breakout after 5 months
  5. High Volume is traded today.
  6. Price > EMAs


Verdict:
Highly Bullish

Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
Chart PatternsTechnical IndicatorsinoxwindbuyinvestinvestmentinvestmentideaStocksswingtradeswingtradingTrend Analysis
finnova_
Also on:

Related publications

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.