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SHRIHARII
Jan 2, 2024 10:27 AM

INDOAMIN / INDO AMINES LTD - 7 months Consolidation Breakout Long

INDO AMINES LTDNSE

Description

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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