Are you ready to seize a promising trading opportunity? INIL pulled back from 100-day EMA, this level is 50% Fib retracement also. Possible pull back from this level can be anticipated. As the pattern unfolds, the first resistance level to watch is around 183.61, with a potential surge targeting 203 and then 222. To manage risk, set your stop loss at 165. This well-defined setup offers a structured approach to capitalize on NIL's potential upside while protecting your investment.
Key Points:
Entry Point: Around 180.50-181.
Resistance Levels:
Initial resistance around 183.61.
First target after the breakout at 203.
Ultimate target at 222.
Stop Loss: Set at 165 to manage risk.
Key Points:
Entry Point: Around 180.50-181.
Resistance Levels:
Initial resistance around 183.61.
First target after the breakout at 203.
Ultimate target at 222.
Stop Loss: Set at 165 to manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.