Indoco remedies gave good breakout with rsi convergence signal as double confirmation.
can reach 420 as per the rule. Below 300 can be bearish reversal.
breakout with good volumes, everything explained on chart.
like and follow for more breakout patterns and investing ideas//thank you.
Indoco Remedies: Swing
The declining trendline has been broken and a trend reversal is on way.
One shall enter a long position around 375-400 is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio is more than 1:2.
SL is placed below 340.
And target is placed around the resistance.
Note: Never run your profitable trades to turn losers without...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
Indoco has moved out of channel pattern couple of days ago with big volumes...then a pull back candle and started moving up again
CMP - 394.8
Target 1 420.4
Target 2 445
Calculate your risk reward ratio. Put a stop loss and trade. I have not provided any stop loss level right now because it is something which you can decide on your own.
Indoco Remedies - About to break ATH. Will it? Taking some tracking quantity. Target of 600+ SL below 350.
DISCL: Not a SEBI Registered. I post charts for my own study.
Indoco Remedies CMP – 272.90
Looking bullish and can go for Intraday / Swing trade with the following entry, exit & targets
Buy range 261.50 - 265.50 / Stop Loss 258
Target 1 - 270
Target 2 - 275
Target 3 – 280
Short term - 285 / 290 /295
Note: This is my view and for educational purpose only
