INDOBORAX trade ideas
BearishSupport is likely to come either at 325, or if does it not hold then 300. Once it turns bullish, 425 will be the next target
bearish chartif 473 is not recouped within a day or two, it might slide till 290ish level! Careful!!!
IndoBorax : May move UpDoji Formed : May move up as Volume is also support.
Medium term Support : 390-410
Long Term Support : 260-280
BullishIndo Borax managed to remain above short term ½ angle signifying bullish trend. In two days it may touch 696.30 if feasible. If it then can remain above 696-700 on closing basis, the stock will be able to cross long term 1/1 ascending angle and then the big leap can be seen.
BullishIndo Borax: As can be seen from the chart, long term and short term supports are working well for the scrip. Immediate target is 671. If it is crossed, next target is 1070 with intermediate minor resistance between 900-950
Chart bullish Short term support is at 549. Immediate minor resistance is at 615, if crosses, then short/ intermediate term target will be 670
Indo Borax consolidatingIndo Borax consolidating but hold above ¼ angle nicely. Support 630, target 1000
Consolidating above 1/1 angle.Support is at 630 and target is 960 where it will meet 1/2 ascending angle.
