Indotech transformers being a beastIndotech ticks all boxes to move towards a new lifetime high, First target - 2500 Second - 2950.
INDOTECH trade ideas
Indotech's clear setup for a new highIndotech is all fresh to make a new high, combined with the fantastic quarterly numbers and industry tailwinds it isn't here to rest!
IndotechGood time to accumulate in the correction zone with strong support of ATM trendline.
Can use it as an opportunity.
Long consolidation and confirm breakout.
Sales and profit multiply many times since last ATH long consolidation.
INDOTECH: Resistance BrokenNSE:INDOTECH has broken 6 year of resistance. Long trade can be taken after closing of candle above the resistance.
Breakout in INDOTECH in Weekly TimeframeBreakout in INDOTECH in Weekly Timeframe
Entry: 226
Target 1: 285
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
@GPottabathni --- Indo Tech Transformers The results were good YoY. Consistent performance through out quarter wise. I am not bearish until the box is not broken down. I am long in this stock. This is a short term correction.
@GPottabathni - Tweet - Target 300The results have not yet been published. Waiting!!!!
However, the company has consistently been posting improving and increasing figures (profits and sales) for the last three quarters. If QoQ net profit is around 10 - 12 crores and the annual profit is about 28 - 30 crores, then the price will blast like anything. The company has reasonable reserves and very low debt, PE is around 10.5 which tells us that there is huge scope and opportunity for a scandalous upmove till 300.
INDO TECH TRANSFORMERSYesterdays movement has given a good Price Volume Breakout. Target of 270 looks possible in this month. However 300 should not be ruled out which is the recent high.
Indo Tech TransformerThis result expected good. May give a breakout about 250 which needs to be sustained for upmove till 350 and 450.
Trade Opportunity - Buy IndotechCup and Handle on Weekly TF
Huge Volume breakout
CMP - 285
TGT - 300/320
SL - 260
Pls follow proper risk management while trading.( Follow SL strictly )
Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions.
Long Indo Tech TransformerBuy CMP
Target 240-280 +
BO on chart
momentum with volume
Financial improving from last 2 years
Only for educational purpose
Indotech positional Again !Previous all tgt achieved.
INDOTECH : cmp : 263.2
Closed above multiyear resistance zone of 258-260.
Closing above previous high.
So good to accumulate on dips.
TGT 279/291/304
Sl 241 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Indotech Transformer Looks Good !INDOTECH : cmp : 200.35
Making Higher highs for 3 days.Closing above previous high.
Big bullish candle has been formed in D & W chart.
Good to grab on dips.
TGT 218/230.60
Sl 172 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
