Verdict:
Highly Bullish

Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232

INOXWIND has given the breakout. as shown on the chart. we can see it has accumalated the quantity for past 3 months. now today has given breakout with nice volume. it will be a good trade with R:R :: 1:3.

Reason:

  1. descending bullish triangle pattern breakout confirmation.
  2. RSI is breaking 60 to upside nice strength in the trend.
  3. Support at VWAP
  4. Successful breakout after 5 months
  5. High Volume is traded today.
  6. Price > EMAs

Verdict:
Highly Bullish

Plan of action:
Buy: 204-208
Stoploss: 195
Target: 232

*****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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