Indian Terrain is in a HH - HL structure on weekly timeframe. Inflation coming down will help bring raw material prices and eventually margins will improve further improving profitability. CMP 63; Target 90
Here we see rising lows and bullish breakout side the cloud
bullish trend on charts on daily and weekly closing basis
zone of resistance at 65 any break above this zone for the target of 78 / 84 levels on charts
Disclaimer: View for Educational Purpose only Not to be taken as any Trading or Investment Advices
Technical Analysis: Has been in Consolidation for long or may continue to consolidate still
No big volumes so far
Financial Analysis: Financials are improving
Lower PE vs Industry PE
Gross Profit Increased
Promoter Holding Increased
Pledge Decreased
INDTERRAIN near major support with positive RSI divergence, we can buy at current level with SL @ 42 on daily time frame closing basis, TG1 : 52, TGT2 : 57
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
NSE:INDTERRAIN
Clear breakout from a consolidation with very heavy volumes. Will be a great trade on any pullback towards 82-83 zone.
Target for the consolidation breakout amounts to 92-93, which incidentally is also it's monthly R3 pivot.
Any entry near 82-83 with a stop loss of 75.4, which is its monthly central pivot, gives a good 1:1.5 RR trade.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
NSE:INDTERRAIN 80.90
1. Cup & Handle Pattern B/o at 70
2. Pole & Flag Pattern post C&H B/o
3. Good Volume during the uptrend 41 to 81 (July to Dec)
4. Support shifted to C&H B/o at 70 (recent consolidation range)
5. Upcoming resistance at recent highs (Sep 19) at 94.25.
6. Educational Purpose only, no directly or indirect buy/sell/hold recommendation....
The next stock in my list is Indian Terrain!
On monthly:
The stock got reverted from corona low levels, as it has retested its important support.
In order to get this traded right you have look at important 38% fib levels (1st resistance)
Indian Terrain
For Risk Takers, Fundamentals avg but showing improvement. Promoters holding increased in previous quarters.
Technically looks bullish and Bat Harmonic pattern active, well placed above 50+200 DMA
R 1: 90
R 2: 110
R 3: 130
S : 55
NSE:INDTERRAIN
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Indian terrain Fashions Weekly Analysis CMP 79.2
Buy @ CMP add more if you get @ 55-45
SL below 22 - Candle closing basis
Target 110-145-190- 225-250+
Holding period - 2-3 Years
NSE:INDTERRAIN BSE:INDTERRAIN
Time Frame – Weekly
Observations :-
* Trading in Ascending broadening wedge pattern
* Facing Resistance in 75-65 zone
* Major BO above 75
* Trendline resistance break with good volume
* Weekly 200 SMA break with good volume
* Good volume activity seen
* If weekly / monthly closed above 75 then Price action is changing
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