ionexchange - darwas box breakout
ION EXCHANGE (INDIA) LTD - 1W NSE
Symbol: IONEXCHANG
Current Price: 723.80
Change: +27.10 (+3.89%)
Technical Analysis:
IONEXCHANG is showing a classic Darvas Box breakout setup! After consolidating within a defined range, the price is now breaking out above the box's upper boundary with strong volume. This indicates a potential for a significant upward move.
Trade Setup:
Entry: Enter long on a breakout above the resistance level at 723.80.
Stop Loss: Place your stop loss below the support level at 696.20.
Target: The estimated target for this trade is 767.85.
Possible Scenario:
Bullish: A strong breakout above the resistance with increasing volume could lead to a rapid move towards the target.
Bearish: Failure to break out or a close back inside the box could invalidate the pattern.
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.
#IONEXCHANG #stocks #trading #technicalanalysis #DarvasBox #breakout #targets #SwingTrading
Let's swing to profits together! 📈🚀
Symbol: IONEXCHANG
Current Price: 723.80
Change: +27.10 (+3.89%)
Technical Analysis:
IONEXCHANG is showing a classic Darvas Box breakout setup! After consolidating within a defined range, the price is now breaking out above the box's upper boundary with strong volume. This indicates a potential for a significant upward move.
Trade Setup:
Entry: Enter long on a breakout above the resistance level at 723.80.
Stop Loss: Place your stop loss below the support level at 696.20.
Target: The estimated target for this trade is 767.85.
Possible Scenario:
Bullish: A strong breakout above the resistance with increasing volume could lead to a rapid move towards the target.
Bearish: Failure to break out or a close back inside the box could invalidate the pattern.
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.
#IONEXCHANG #stocks #trading #technicalanalysis #DarvasBox #breakout #targets #SwingTrading
Let's swing to profits together! 📈🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.