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THERMAX

Thermax Analysis !! Broke Out.📈 Thermax 📉 Thermax is breaking out from a resistance after testing three times. It was taking  support at zone of 1650-1680 since December 2021. On Buy Side I am looking for Targets of 2080-2100.
 StopLoss should be kept in 1750-1780 zone. It offers 1:1 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:THERMAXLong
by ShelendrAgrawal
Chart Of the Week !! 14 March 2021 !!* Two chart pattern completing at the same time (Cup & Handle and Rectangle ) in Monthly time frame High conviction set up . Just before the breakout of C & H pattern made a rectangle pattern also .That very much convincing the reliability of breakout . *Price has also trading all the important moving averages. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Considering all technical evidences we may see good up move in Thermax Limited. *Time period - 06 to 12 Months Target of 3000.00 Kindly Let us know if you have any question.
NSE:THERMAXLong
by PrasantaP