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:
Verdict:
Highly Bullish
Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232
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
