INOXWIND breakout SUCCESSFUL

٦ أكتوبر ٢٠٢٣

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