Sell at 347-347.50
Target Buy :- 346.50, 345, 344
SL :- 348.50 - 349
This is not a intraday call....
this is only for education purpose...
let me know if i am wrong in this.....
Thanks in Advance.......
The Stock has given a good move on news of the may opening of the multiplex in metro cities.
as per the chart if it holds above 359 level. then we can expect a good move in the stock. So keep stock in your watch list.
INOX trend line, not very convincing, but forming a ascending triangle for short duration. One can buy small now and buy more if it falls till the yellow trendline. Any movement and sustain above 350 will push it higher.
Fundamental: Though promoters are reducing stake, FII and DII are aggressively buying stake. Covid fading out gradually and INOX have big...
A clearly visible inverse H&S pattern in Inox. Can be bought above 335 or now for the first target of 370 and 2nd target of 415. 1st target is calculated using shoulder height and 2nd target is calculated using head height. A good positional opportunity for 24% gain.
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Happy Trading :)
Inox Leisure Ltd. engages in the operation of of multiplex cinema theatres. Its portfolio includes 147 multiplexes, and 626 screens in 68 cities. The company was founded on November 9, 1999 and is headquartered in Mumbai, India.