INOX WIND - TRIANGLE PATTERN
INOX WIND is making a Triangle Pattern at Daily chart. It is at Resistance level, if breaks then we may see 200 soon, moving above 9EMA.
Scenario 2: If it comes down then it will take support at 150 and from there we may see reversal towards 200.
For learning and educational purpose only.
Scenario 2: If it comes down then it will take support at 150 and from there we may see reversal towards 200.
For learning and educational purpose only.
Nota
INOX WIND: It took time, 68days, but completed its target, today on 12aug it touched 208. Election and Budget days pulled it down but it moved up and achieved the target. News will always have its impact but Price Action is Superb, it gives result even if little late.
Entry came on 5june when it made a strong Hammer candle under 50ema at 140 level. After that stock didn't touch the low of that Hammer.
It touched the resistance trendline 5 times and then gave Breakout.
It may still give 10-14points.
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