Foseco India - Breakout Setup, Move is ON...#FOSECOIND trading above Resistance of 4799
Next Resistance is at 6319
Support is at 3279
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
FOSECOIND
Foseco India - Long Setup, Move is ON...#FOSECOIND trading above Resistance of 3279
Next Resistance is at 4799
Support is at 2264
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Foseco Ind Remember my first Idea of RelaxoNSE: FOSECOIND
If Breaks then target could be taken at 1159 as a good Target
Time Frame :- 1 Month
Patterns Name :- Inverse Head and Shoulder
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Made By MAYANKTECHRESEARCHING
Comment Below If You want to ask me questions on this on any other idea
Conclusion :-
A Inverse Head and Shoulders which is completed now with breakout shows some forecasts that could be up and could followed by the market
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FOSECOIND (DAILY)According to me and the history I am referring to, the stock gave false hopes earlier to the dates given on the chart.
Think before going long in this.
This is only for Educational Purpose, I myself am a learner
This post contains my thoughts to particular ( RELINFRA ) and will be no responsible for any kind of losses.