LINDEINDIA - Momentum Play - Target 2670, 2756, 2945

LINDEINDIA had a massive run up in last 18-20 months and has formed a bull flag pattern. Currently its consolidating with in the Flag Pattern. Momentum has picked up for this stock and getting ready to breakout of the upper trend line, with short targets 2670, 2756, 2945 by end of Jan 2022 or even earlier. If it fails to close above the upper trend line 2-3 consecutive days, it might pull back and further consolidate. Momentum has picked up, I expect breakout, let's see.

Commento:

LINDEINDIA still consolidating, need to take out the 2670 levels for trend reversal.

Trade chiuso: obiettivo raggiunto:

Target 2670 and 2756 achieved

Trade chiuso: obiettivo raggiunto:

Target 2945 reached

Trade chiuso: obiettivo raggiunto:

LINDEINDIA got breakout and reach 3354. I might pull back in few weeks to retest 2945 level