Inox Leisure ltd on a daily chart stock price is
making higher high, also its trading above 20 DMA & 50 DMA, indicate stock
is well placed above the support level. On a daily chart stock price at Rs. 272.20
has given the breakout of symmetrical triangle pattern at Rs. 268, indicate rally
will continue towards north, which will take it towards the previous high swing.
Momentum oscillator MACD on daily chart is on the verge to give positive
breakout, which add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 272 for the target of Rs. 292/310 levels, with Rs.259
stop loss on closing basis.
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