Enil monthly chart looking bullishEnil monthly chart looking strong and bullish for big movement in coming months. Stock may also hit life time high. Disclaimer - personal view shared as educational purpose only not any recommendations.
ENIL
positional trade : channel breakout done buy above 220 for positional trade
keep stoploss below 195 DCB
target 280( next resistance), 330
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
ENIL on verge of breakoutENil can give a range bo , but it has already moved decent which makes it bit risky.
can buy above 194.4 keep sl below 190 for intraday.
for swing trade keep sl according to your risk appetite i will use 175 as Sl for swing
Institutional Buying in the stockJust Look at volume candal below the chart. this is volume come from Rajstan Global Securities Pvt Ltd. The Fund is bought 2,70,695 share from the market at 157.4 which is 0.6% of the traded volume of the day. after buying from the institution the stock is gonna go above 200 which is pre-covid level for the stock.
