INIL LONG TRADE (SECOND STRIKE) / INVESTMENT TRADEINIL LONG TRADE (SECOND STRIKE) / INVESTMENT TRADE
INIL had been in a persistent downtrend from July to November 2024.
Since then, the stock transitioned into an Accumulation Phase, having completed its Wyckoff Re-Accumulation cycle and successfully reversed via a SPRG from a Key Support and Inducement Zone.
The reversal was confirmed with the required Volume Expansion. INIL has now completed its technical pullback, retesting the Threshold Barrier, and is well-positioned for its next bullish leg.
The Steel sector is anticipated to be a strong outperformer in the near term.
🚨 TECHNICAL BUY CALL – INIL 🚨
🔹 BUY1: Rs. 160
🔹 BUY2: Rs. 150
🔹 BUY3: Rs. 140
📈 TARGET 1 (TP1): Rs. 181.50
📈 TARGET 2 (TP2): Rs. 221.50
🛑 STOP LOSS: Below Rs. 127 (Daily Close)
📊 RISK-REWARD: Approx. 1:3+
Risk Advisory: Secure at least 50% of your position at TP1. From there, trail stop-loss to lock in profits and safeguard against unexpected market shifts.
🔁 Please circulate and support the idea if you find it valuable.
