IVP LTD - A BREAKOUT TRADE
Updated
HELLO FRIENDS
Here I am sharing chart of IVP LTD which recently have given breakout with good intensity of volume and the scenario that confirms the upside move are shown in below charts.
Macd in DAILY TIME FRAME on breakout candle is positive uptick.
confirming with double time frame, MACD in weekly time frame is also positive uptick
RSI in daily time frame is positive uptick and the measure is above 50 which confirms bullish moment
RSI in weekly time frame is positive uptick and the measure is above 50 which confirms bullish moment.
Summary- the stock have given breakout of downward trendline and is ready to move upside.
Disclaimer
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and losses.
Here I am sharing chart of IVP LTD which recently have given breakout with good intensity of volume and the scenario that confirms the upside move are shown in below charts.
Macd in DAILY TIME FRAME on breakout candle is positive uptick.
confirming with double time frame, MACD in weekly time frame is also positive uptick
RSI in daily time frame is positive uptick and the measure is above 50 which confirms bullish moment
RSI in weekly time frame is positive uptick and the measure is above 50 which confirms bullish moment.
Summary- the stock have given breakout of downward trendline and is ready to move upside.
Disclaimer
I am not SEBI registered analyst.
My studies are for educational purpose only.
Please consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and losses.
Trade closed: target reached
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.