INNOVACAP trade ideas
Innova Captab Ltd - Breakout Setup, Move is ON...#INNOVACAP trading above Resistance of 1102
Next Resistance is at 1360
Support is at 940
Here are previous charts:
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 financial advisor before taking any trade.
INNOVA CAPTAB looking strong to test 800+ levels-> Innova Captab showing showing good strength in weak market
-> Looks ready to test 800+ levels in upcoming sessions
-> Pharma is the most bullish sector currently
-> Out of a big IPO base
IPO Base strategies.Perfect retest after breakout is the best indicator for good bullish move of the share.
Buy opportunityThis chart sees trend reversal recently along with inclined triangle pattern. Today it tries to break the pattern with volume but couldn't. Those who want to swing trade can enter at current level or wait for some more price drop as triangle pattern is not yet broken.
Once resistance break, price may move up and give 12% gain in short term.
Please vote for this idea if you like it.
NOTE: This is just for educational purpose only. Please do trade on your own risk.
