Ind-swift Laboratories Limited - Breakout Setup, Move is ON...#INDSWFTLAB trading above Resistance of 168
Next Resistance is at 263
Support is at 89
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.
INDSWFTLAB
INDSWFT LAB :- A STRONG BREAKOUT ON THE LINE NSE:INDSWFTLAB
Ind-Swift Laboratories Ltd. engages in the manufacture, development, and marketing of pharmaceutical ingredients. The firm operates throughout India and Outside India's geographical segments. Its products include API's and impurities. The firm supplies active pharmaceutical ingredients to pharmaceutical companies and also provides research and development services.
📊Technical analysis:
1. IT has formed a strong horizontal resistance at 125 zone from the last 13 years.
2. Now it's consolidating near resistance for a few weeks and may attempt to break that.
3. Volume has been spiking.
4. Trading above all EMA clusters (short, mid and long term EMA)
🟢Entry : Wait for a day candle confirmation to close it above the 125 level then enter the high.
🔴Same with stop-loss levels it will be triggered on weekly candle closing.
⏳Trade Duration: Few months ( positional basis)
🎯Targets are marked on the chart.
Finally reached here then like please share with friends.
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Happy Trading.
INDSWFTLAB - Ichimoku BreakoutStock Name - Ind-swift Laboratories Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 124
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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