Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups...
- 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%
RSI Breakout is witnessed.
DOW Theory in practice.
Triple Bottoms are considered a very strong support base.
My stoploss is lower to avoid shakeouts.
I like the structure it has been forming and believe that it could rocket from here.
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.
With Movies Like KGF & RRR going housefull , PVR & INOX will ' Rise-Revolt and Roar' !
movie theatres in their chapter 2 ,after lonnnnnnggggggg restrictions of covid lockdown finally called off completely!
Pick your winners
PVR-->
INOX-->
PVR: WITH 1560 trail sl a long for 1840/2029/2300
Stock relatively an outperformer against benchmark
stock took a descent support at fibo imp area
stock gave a descent upmove from the base
Stock Bounced from previous resistance turned support area
Volume as expected high on rise and low on pullback
Breaking the minor resistance above will take the stock to new highs
Macd has turned bullish from the lows too
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.......
INOX trend line, not very convincing, but forming a ascending triangle for short duration. One can buy small now and buy more if it falls till the yellow trendline. Any movement and sustain above 350 will push it higher.
Fundamental: Though promoters are reducing stake, FII and DII are aggressively buying stake. Covid fading out gradually and INOX have big...
