RSI, MACD and Stoch, all are giving buy signal.
INIL has tested its monthly support 1 twice, forming a small W which is a bullish pattern.
It is trending above its monthly pivot (174).
Currently, the trendline is stopping it and breaking it will not only make it retest its R1 (212) but also 250 (R2) soon.
Volumes are not supporting though but once it breaks the trendline, we may witness volumes as well.
Its my personal opinion, not a buy / sell call.
INIL has tested its monthly support 1 twice, forming a small W which is a bullish pattern.
It is trending above its monthly pivot (174).
Currently, the trendline is stopping it and breaking it will not only make it retest its R1 (212) but also 250 (R2) soon.
Volumes are not supporting though but once it breaks the trendline, we may witness volumes as well.
Its my personal opinion, not a buy / sell call.
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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.