INTELLECT trade ideas
INTELLECT : BUy on dips with stops near 230 Tgt 275INTELLECT : BUy on dips with stops near 230 Tgt 275
Intellect DesignThe stock is breaking out a huge consolidation pattern leading to a Cup and Handle Break out and can see further strength coming in the coming period based on pure Price Volume Action witnessed today!
INTELECT DESIGN: FIBONACCI F.A.C.TCan witnessed Harmonic Bearish CYPHER (Last Leg)?
Best Intraday LONG: @ 186.30 - 184.70
Intraday TGTs: @ 190.30 - 191.9 - 193 - 196.1 - 198.75
WEEKLY (Positional): @ 199.80 - 204.60 - 209.85
Rest Plotted & mentioned on Chart.
Education Purpose Only.
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BUY INTELLECT with short term holding target of 225NSE:INTELLECT
The stock broke out of a Double Top formation and attempted breakout above 205. However, after marking highs near 217 the stock suffered a classical throwback. A breakout was likely as the stock had closed outside its upper Bollinger band after which it saw a temporary pullback inside. On the Weekly Charts, the stock has closed outside its upper Bollinger band which shows a breakout is more likely. While it remains in a large rounding bottom formation on the Weekly Charts which is bullish, the Weekly MACD has reported a positive crossover. Some resumption of up move is likely over coming days.
INTELLECT : A long U shaped recovery and breakoutLooks good above 198 With a stop near 175
Please do ur own due diligence!
Long term Call on INTELLECT @ 170INTELLECT can be added between 170-150 with sl of 135 for target 210
Bottom-fishing!came up on radar after going through insider deals.. promoter on accumulate mode..just as the long term trendline is broken.
Intellect Design BreakoutBreakout!!, can go long with the sloping trendline as SL on closing basis.
Disclaimer: I am a novice at charting and this chart is only for educational purpose, views and opinions are welcome.
