INDSWFT LAB :- A STRONG BREAKOUT ON THE LINE

Mar 4

INDSWFTLAB

Ind-Swift Laboratories Ltd. engages in the manufacture, development, and marketing of pharmaceutical ingredients. The firm operates throughout India and Outside India's geographical segments. Its products include API's and impurities. The firm supplies active pharmaceutical ingredients to pharmaceutical companies and also provides research and development services.

📊Technical analysis:
1. IT has formed a strong horizontal resistance at 125 zone from the last 13 years.
2. Now it's consolidating near resistance for a few weeks and may attempt to break that.
3. Volume has been spiking.
4. Trading above all EMA clusters (short, mid and long term EMA)

🟢Entry: Wait for a day candle confirmation to close it above the 125 level then enter the high.

🔴Same with stop-loss levels it will be triggered on weekly candle closing.

⏳Trade Duration: Few months ( positional basis)

🎯Targets are marked on the chart.

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Keep Learning,
Happy Trading.