INDOCO:- Trendline breakout with good volume. good for short term. keep on eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the...
1.Break of cup pattern 2.Its in uptrend STRONGLY RECOMMENDED FOR BTST TRADE
Stock : indoco remedies Pattern : Head and Shoulder Postion : Swing Trade Indoco remedies forming a head and shoulder pattern and breaks a good volume and good for swing position
Indoco Remedies Ltd falling rally may come to end in upcoming weeks. keep concentrate for breakout where upward or downward. Both targets are mentioned in above chart. Confirm breakout in day open closing above or below the trend line. Its good for swing traders.
Chart Structure: - Broken out All-Time High (of 2015), pulled back, consolidated a bit, and now ready to go up. - Price in an uptrend since July 2020. Volume: - High volume deliveries this week. Up to 12.41 lac shares were delivered yesterday, whereas average deliveries are 1.23 lacs. - Yesterday saw the highest delivery of shares in recent times. Relative...
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Continuation Breakout. Basic price action analysis.
indoco chart analysis for intraday and swing trading
indoco chart analysis for intraday and swing trading
INDOCO (Daily):- Locks good above 345/350 for 380/420++ Invalid Below 320 DCB 1) Nice Setup : 2) Today Candle Show Strength
INDOCO - Have broken range with a delivery volume. Increasing in volume indicating up-move a head. Closing above 318 will conform up trend, We expect short term target of 345 and 385 in mid term.
Indoco Remedies chart analysis for intraday and swing trading
Indoco Looks bullish with 200 ema and macd support...