INIL trade ideas
Wait for a Good Support LevelIt beautifully completed ABCD pattern around
219 - 220 and then reversed.
Now the immediate Support seems to be around
122 - 123; from where it may start making the
Right Shoulder (may be up to 160 - 170) of H&S pattern.
However, next important Support is around 95 - 100.
INILAre you ready to seize a promising trading opportunity? INIL pulled back from 100-day EMA, this level is 50% Fib retracement also. Possible pull back from this level can be anticipated. As the pattern unfolds, the first resistance level to watch is around 183.61, with a potential surge targeting 203 and then 222. To manage risk, set your stop loss at 165. This well-defined setup offers a structured approach to capitalize on NIL's potential upside while protecting your investment.
Key Points:
Entry Point: Around 180.50-181.
Resistance Levels:
Initial resistance around 183.61.
First target after the breakout at 203.
Ultimate target at 222.
Stop Loss: Set at 165 to manage risk.
PSX KSE 100 INTERNATIONAL INDISTRIES INIL1- Breakup of weekly Trend
2- Volume Increasing day by day
3- Fibonacci retracement also done
4- Hopefully it will get Target
5- Facing resistance at 143.28 and completing Support at 0.382 at 141.05 is again moving up
6- trend is UP
7- Stosch RSI indicator is also generated a buy signal.