INDORAMA Looks good to me above 60 with 50 as sl. It has a potential to test 100 in the short term. Reasons - A Good Impulse from 8.25 till 90.8 then a healthy correction with volume decrease which suggests a profit booking only. And from the recent bottom volumes have started to pick up again. Planned the long on swing breakout above 60. ========== I am Not...
Stock is trading alongwith supportive Trendline, follow chart for proper support and resistance levels. Price action analysis nothing else. Don't rely on indicators.
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Indorama - Bullish view. Recover seen from lower level
Indorama trade Setup : Short term trade opportunity. Fundamental is not much impressive. Target and sl mentioned in chart.
After spending most of 2021 consolidating between 45-60, Indorama Synthetics finally broke above 60 in early January 2022. It managed to briefly breach 90 before correcting heavily due to the war. In the current correction Indorama Synthetics retested the earlier breakout level of 60 which has now acted as a strong support. Post another 4-6 weeks of...
indorama gave a major resistance breakout with volume 103 levels is easily achievable
Indo Rama synthetic CMP:57.30 sl: 45(CB) Target: 63/77/96 Note: educational post
Triangular Breakout Holing All major MA's Good Volume Good Risk to Reward View Unchanged till it holds 48 CLBS
ADD THIS ONE AT EVERY LEVEL.. HUGE CAPEX PLANS AND GOOD FUTURE OUTLOOK ! STOCK IS IN INVERSION MODE LEVELS , ALL CONFLUENCES ATTACHED
If able to breakout then 44+ is on cards
Target 44.5 / 50 SL 32.95 CCI(D/W/M) >100 Volume Support Duration 1-2 weeks
Long add more on drop with stop 25 CLB for target 45+
Indorama smith consolidating from very long. current good buying levels at 30. just a view.