INDOCO trade ideas
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
INDOCOHi guys,
In this chart i Found a Demand Zone in INDOCO CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
INDOCOHi guys,
In this chart i Found a Demand Zone in INDOCO CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
INDOCO gave clear breakout have a lookIndoco remedies gave good breakout with rsi convergence signal as double confirmation.
can reach 420 as per the rule. Below 300 can be bearish reversal.
breakout with good volumes, everything explained on chart.
like and follow for more breakout patterns and investing ideas//thank you.
Indoco Remedies: Swing Indoco Remedies: Swing
The declining trendline has been broken and a trend reversal is on way.
One shall enter a long position around 375-400 is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio is more than 1:2.
SL is placed below 340.
And target is placed around the resistance.
Note: Never run your profitable trades to turn losers without trailing the profits.
Big Volume breakout.Indoco has moved out of channel pattern couple of days ago with big volumes...then a pull back candle and started moving up again
CMP - 394.8
Target 1 420.4
Target 2 445
Calculate your risk reward ratio. Put a stop loss and trade. I have not provided any stop loss level right now because it is something which you can decide on your own.
Indoco Remedies - Intraday / Swing Trade SetupIndoco Remedies CMP – 272.90
Looking bullish and can go for Intraday / Swing trade with the following entry, exit & targets
Buy range 261.50 - 265.50 / Stop Loss 258
Target 1 - 270
Target 2 - 275
Target 3 – 280
Short term - 285 / 290 /295
Note: This is my view and for educational purpose only