INOXWIND breakout SUCCESSFUL

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
Chart PatternsTechnical IndicatorsinoxwindbuyinvestinvestmentinvestmentideaStocksswingtradeswingtradingTrend Analysis

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