After High of 9500 levels
Linde India corrected till 5500 levels
Nr 5500 we can see there is double bottom formation.
After breakout of neckline at 6500 it retested this neckline and is now ready for next bout of rally.
We can also see that 6500 level is also 20week SMA acting as support.
Tentative target and stoploss levels are marked on the chart.
Linde India corrected till 5500 levels
Nr 5500 we can see there is double bottom formation.
After breakout of neckline at 6500 it retested this neckline and is now ready for next bout of rally.
We can also see that 6500 level is also 20week SMA acting as support.
Tentative target and stoploss levels are marked on the chart.
Note
Opportunity to add near SL levels is possible to reduce risk.
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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.
Related publications
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.