TradingView
finnova_
Oct 6, 2023 7:03 AM
INOXWIND breakout SUCCESSFUL
Long
NSE:INOXWIND
1D
INOX WIND LTD
NSE
Description
⋅
Oct 6, 2023 7:03 AM
INOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.
Reason:
descending bullish triangle pattern breakout confirmation.
RSI is breaking 60 to upside nice strength in the trend.
Support at VWAP
Successful breakout after 5 months
High Volume is traded today.
Price > EMAs
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
Trend Analysis
Chart Patterns
Technical Indicators
swingtrading
swingtrade
inoxwindbuy
Stocks
invest
investment
investmentidea
Comments
SaraswatRC
⋅
Oct 6, 2023 9:01 AM
Really break out
finnova_
⋅
Oct 7, 2023 8:34 AM
@SaraswatRC
, yes it's breakout, you can see next day price action to make entry. it could be a nice trade.
More