LINDE
Weekend pick: Linde IndiaChart -> Linde India Weekly
A beautiful symmetrical has emerged on the weekly chart of the stock.
CMP: 3444
Targets: 3781 and 4175
Good range: Around 3294
SL: 3050 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Linde India Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
After GOI's green H2 policy announcement NSE:LINDEINDIA gave a high-volume breakout after a consolidation of almost 6 months. It's a buy at current price with a stop loss at or below Rs.2645. Quarterly results are due on Feb 24th. One can wait until the results are announced. It's a good opportunity as Linde is a pioneer in Blue Hydrogen plants.