ShelendrAgrawal

Thermax Analysis !! Broke Out.

Long
NSE:THERMAX   THERMAX
📈 Thermax 📉

Thermax is breaking out from a resistance after testing three times. It was taking  support at zone of 1650-1680 since December 2021.

On Buy Side I am looking for Targets of 2080-2100.


StopLoss should be kept in 1750-1780 zone.
It offers 1:1 Risk To Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: target reached:
Target Done.

Follow me for live IntraDay Chart Analysis on Twitter.

twitter.com/ShelendrAgrawal
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.