INDLMETER : BREAKOUT FOR 200%Hello Traders!
We've found another one which has high probability and potential to perform. Entry can be taken at CMP. Target and SL are mentioned in the chart.
LOGIC : Bouncing from the support zone of 50 ma and it is trading above 6 ma.
It's bouncing after retesting from the Mazor trendline support.
Disclaimer : This analysis is only for educational purpose and not my recommendation for trading.
Disclaimer :
INDLMETER trade ideas
INDLMETER IMP POWERS LTD
1) Wait for the Resistance breakout
2) Can expect minimum 20 to 30 % upside move
3) Target levels are mentioned in the chart
Buy IMP POWERS LTD AT 91.10 TARGET 130 STOPLOSS 77IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels.
The target from here-on is 126 levels, it can be bought with a stoploss of 77.
