#INDOSTAR The chart shows a medium-term uptrend from May 2024 on wards.
The stock has been moving higher since the lows of ₹160 and has now reached around ₹286.
The stock is currently facing resistance at around ₹290, where it has previously been rejected. Enter around ₹270-₹280 on any retracement for better risk-to-reward.
Alternatively, if the stock breaks out above ₹290-₹300, it could be a good entry point for a breakout trade.
For a long-term position, buying on a dip near ₹230 would provide a strong base with a solid risk-to-reward ratio.
The stock has been moving higher since the lows of ₹160 and has now reached around ₹286.
The stock is currently facing resistance at around ₹290, where it has previously been rejected. Enter around ₹270-₹280 on any retracement for better risk-to-reward.
Alternatively, if the stock breaks out above ₹290-₹300, it could be a good entry point for a breakout trade.
For a long-term position, buying on a dip near ₹230 would provide a strong base with a solid risk-to-reward ratio.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.