INDLMETER : BREAKOUT FOR 200%Hello Traders!
We've found another one which has high probability and potential to perform. Entry can be taken at CMP. Target and SL are mentioned in the chart.
LOGIC : Bouncing from the support zone of 50 ma and it is trading above 6 ma.
It's bouncing after retesting from the Mazor trendline suppor
−61.00INR
−519.672MINR
280.501MINR
8.017M
About IMP POWERS LTD
Sector
Industry
CEO
Aaditya Ramniwas Dhoot
Website
Headquarters
Mumbai
Founded
1961
ISIN
INE065B01013
IMP Powers Ltd. engages in the business of manufacturing power transformers. It offers technical and after sales support during erection, testing, and commission of the transformers at site. The company was founded on March 24, 1961 and is headquartered in Mumbai, India.
Buy IMP POWERS LTD AT 91.10 TARGET 130 STOPLOSS 77IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels.
The target from here-on is 126 levels, it can be bought with a stoploss of 77.
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