As we can see in chart, Linde India has given #Breakout from the range. If you observe before price move before breakout, you can see a Wide range candles with volume expansion. This shows the bulls are in stock.
Currently stock is consolidating above the Breakout zone with bullish price action which is another sign of strong stock.
keeping exit below the...
Linde's stock has shown good relative strength. Initially, it tried to break out, but now it has faded the breakout. It needs to spend a little time here. If it breaks out again, I will initiate aggressive buying
Weekly Time Frame
Bullish flag pattern has formed.
Wait for strong breakout.
Than Make Your Own Move.
Stock looks Good.
Idea shared for Educational Purpose.
Consult Your Financial Advisor Before Taking Trade On This Stock.
Thank you.
stock has failed many time in past to sustain above falling trendline breakout but this time it looks promising. as you guys can see its restraining to go below supp.. line and its fundamentals too looks good. it is meeting its estimates from two results. one can add this in watch list. it's not any recommendations or buy/sell advise am not will be responsible for...
Key levels:
Support: 5000
Resistance: 5600 5900 6300
Writeup:
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased...
Linde India -Nice breakout.
Capital to be deployed- 20k
Price -4365-70
Stoploss-3900
Targets-5763
#linde #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
Linde India stock is creating its move now. This story started unfolding when it crossed 5th Aug high on 16 Feb with rising volume. Current Hourly & 15 min TF looks promising. It'll be interesting to see whether it will cross it's old high of 4190 & create a new Life Time High in days to come.
Beautiful breakout of a triangle pattern, trading above 200EMA you can make a entry when price goes above breakout candle and keep SL of of breakout candle and maximum target of 4000 levels holding time period is 1-2 months
LINDE INDIA - Potential Breakout at 21 ema
Entry - above 3600 daily close
SL - 3515
Strong fundamentals and manufactures OXYGEN!!
The corona cases are rising across India.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
