ENIL trade ideas
A pull back tradePrice broken almost 4 years consolidation.....Tried 4 times to cross important key level 227 and succed 5th time and gone upto 354 and again retested 227 key support level.....possible upside 350....Only for educational purpose and I am not sebi registered research analyst....
ENIL !! Multiyear breakout with huge volume ENIL !! Multiyear breakout with huge volume. Re-Test is done successfully in weekly chart !! can be consider for swing trading
ENILENIL Monthly chart form double bottom with breakout buy on dip first target 570 &Second Target 700..
Bottom Fishing By Big Players.Big Players are doing bottom fishing.
By the time retail investor will know about this stock. Big players would have made almost double.
Can be a good risk control trade with strict stop loss near green support range.
Anything below this will bring further selling.
Support & Resistance Game🤔The game is simple the green line indicates supports and whenever this stock hits that level of 96-98 it sky rocket till 228 but why 228 because there is a resistance at that level which will bring that stock down and one more resistance is there which I didn't mark and that resistance is psychological resistance that will be around 200 level. NOW the most important thing which will protect your hard money is stop loss which will be 87-89 why not 90 becoz what if it breaks 96-98 level which is major support and bulls will try to give support to the stock and 90 is also a.good support so that's why sl will be 87-89.
