Interarch Building Products Ltd: Long Positional Trade Idea
Currently trading at ₹1,817, Interarch is showing strong upward momentum on the daily chart after a recent breakout.
Key Observations:
Support Levels: Strong support at ₹1,700, with a secondary base near ₹1,550.
Resistance Levels: Immediate resistance near ₹1,900, with potential to test ₹2,050-2,100 in the coming weeks.
Indicators:
RSI at 63.70, indicating bullish momentum without being overbought.
Sustained volume spike confirms breakout strength.
Strategy:
Entry: On a pullback near ₹1,800 or a breakout above ₹1,900.
Targets: ₹2,000 (short term), ₹2,100 (positional).
Stop-Loss: Below ₹1,690 to manage risk effectively.
Focus on volume confirmation for sustained upside!
Key Observations:
Support Levels: Strong support at ₹1,700, with a secondary base near ₹1,550.
Resistance Levels: Immediate resistance near ₹1,900, with potential to test ₹2,050-2,100 in the coming weeks.
Indicators:
RSI at 63.70, indicating bullish momentum without being overbought.
Sustained volume spike confirms breakout strength.
Strategy:
Entry: On a pullback near ₹1,800 or a breakout above ₹1,900.
Targets: ₹2,000 (short term), ₹2,100 (positional).
Stop-Loss: Below ₹1,690 to manage risk effectively.
Focus on volume confirmation for sustained upside!
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