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SHRIHARII

INDOAMIN / INDO AMINES LTD - 7 months Consolidation Breakout

Long
INDO AMINES LTD (NSE:INDOAMIN)  
SHRIHARII Updated   
NSE:INDOAMIN   INDO AMINES LTD
Trend Analysis Chart Patterns Beyond Technical Analysis consolidation breakout consolidation-breakout dailybreakout hugevolume strongbuy uptrend alltimehigh
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trendanalysis chartpattern beyondta consolidation breakout consolidation-breakout dailybreakout hugevolume strongbuy uptrend alltimehigh
INDOAMIN / INDO AMINES LTD - 7 months Consolidation Breakout.

1) Time Frame - Weekly.
2) 7 months of consolidation broken in Daily Time frame With Huge Volume.
3) Stock will find a resistance around the price 176.40 (Previous All Time High).
4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
Comment:
As mentioned, The target of 176.40 (16%) from the given price 151.65 is achieved.
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