Stock name = Indoamine Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
Indo Amines Ltd Promoted in 1979, as Techno Chemical Industries, the company was incorporated in 1994 as Indo Amines Limited. The company is a world-wide manufacturer, developer and supplier of fine and specialty chemicals, performance chemicals, perfumery chemicals and active pharmaceutical ingredients.
The company has five manufacturing units in Gujarat and Maharashtra.
💥Indo Amines💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-148-150
Breakout Price-148
Stoploss-118
Targets-226-253
RT for max reach
#indoamines #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Looks very good after breaking out of the confluence of two important trendlines and one of the important Gann box levels with rising volumes
Follow the horizontal lines(highlighted in blue) for Trailing SL and targets
*Indo Amines Ltd*
C&H Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Heavy Vol. BuiltUp Continued.
RB Formation Triggered @141 / 147/152
Opening Targets of 350+
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Indo Amines really looks bullish after the pattern breakout with really huge volumes. Possible upside of the stock.
Indo Amines uptrend has just started where it's making the higher highs and higher lows
Indo Amines (Swing):
A 30-50% up move is on the cards for swing.
Keep adding in chunks while script ranges at 112-120.
Appropriate support, demand zone, resistance and targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Very clean and simple setup.
We have a range from 70 to 145. Every time price has established base around 67-70 region it has tapped into 145 region, and good thing is the up moves from 70 region are very quick and sharp (refer highlighted region with green rectangles). Another confluence we have is a weekly TL.
This is a very good risk reward setup, just wait...
