INDORAMA
Looks good to me above 60 with 50 as sl. It has a potential to test 100 in the short term.
Reasons -
A Good Impulse from 8.25 till 90.8 then a healthy correction with volume decrease which suggests a profit booking only. And from the recent bottom volumes have started to pick up again. Planned the long on swing breakout above 60.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Looks good to me above 60 with 50 as sl. It has a potential to test 100 in the short term.
Reasons -
A Good Impulse from 8.25 till 90.8 then a healthy correction with volume decrease which suggests a profit booking only. And from the recent bottom volumes have started to pick up again. Planned the long on swing breakout above 60.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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