Long
TIPS INDUSTRIES BREAKOUT IMMINENT?
Updated
The price has bounced from 148 after retest(from Demand Zone) with volume.It was followed by a consolidation between 162-170. Now it has broken above 170.
Caution: There is a supply zone at 173-174. Need to wait and see how this supply zone affects the price movement. If there is a break above 174 with volume a long position can be initiated.
Caution: There is a supply zone at 173-174. Need to wait and see how this supply zone affects the price movement. If there is a break above 174 with volume a long position can be initiated.
Note
The price has taken support at trendline and RSI is intact. Expect some good move ahead.Trade active
Target is Rs 250.Note
Has move almost as per plan. 250 will be achieved.Trade closed: target reached
The target has been reached and thread closed.
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