INOXGREEN Bullish Prediction analysis 13 NOV

Verdict:
Strong Bullish

Plan of action:
BUY: 69-70 (LTP)
STOPLOSS: 65.50
TARGET: 80 (1st Target) after that trail

INOXGREEN is a power Stock that has given the breakout and a high probable that it will move in the bull side now. It has successfully broken the Flag and pole pattern.
Reason:

  1. Flag and Pole Breakout to upside.
  2. RSI > 50, crossing 60 to upside means a bullish momentum is expected.
  3. Price > EMAs(13,50,200) shows bullishness.
  4. Price > VWAP
  5. Successful Breakout done.

 

Verdict:
Strong Bullish

Plan of action:
BUY: 69-70 (LTP)
STOPLOSS: 65.50
TARGET: 80 (1st Target) after that trail

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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