- Inox Leisure is setting its base quite nicely
- I think if you are planning to buy a stock for a mid-term or short-term swing then you should go with this
- Inox in the next retracement can throw up big before that a Liquidity Grab is necessary
- Don't risk anything more than 2%
Chart is pretty self explanatory.
Buy when it closes above 512.
Target could be 563 and above with trailing stop loss.
Note :- I am not SEBI registered and this is not a trading recommendation. It is just for education purposes.
Trade at your own risk.
Kindly refer chart for trades
Price action: Stock is in a consolidation phase on lower time frame and a breakout of the phase can give a good momentum on the upside.
INOXLEISURE intraday pick as on 18/02/2022
1> BULLISH W pattern formation on Hourly chart
2> Resistance breakout
3 > Rounded bottom form which is bullish indication.
4.> RSI close above 60 on hourly basis
BUY INOXLEISUR above 416
TARGET 422-425-428 ( intraday )
STOP LOSS 410
** BUY only above 416 ..GAP DOWN MORE THEN 100 points trade will not initiated...
INOX
Sell at 347-347.50
Target Buy :- 346.50, 345, 344
SL :- 348.50 - 349
This is not a intraday call....
this is only for education purpose...
let me know if i am wrong in this.....
Thanks in Advance.......
