Linde India - trend reversal??
Hello 👋
Today stock open gap up for 7405 & made high of 7640.. previous day close was 7202.15
* Since 4 weeks price trading between a range .. support 7430 (pivot)
* Currently stock in downtrend.
* Today strong pullback happened.
* Also there is an Acquisition news related to Industrial gas supply assets (agreement with Tata Steel) may benefitted to the stock.
* See the strong breakout of trend line
* Also strong volumes.
* Rsi also inclined.
* Long trade can be invalid below 6700 if it breaks decisively.
*** Can be a short term bet.***
It's my view. No buy or sell recommendation 🙏 plz DYOA
Please boost my post if you find it useful 🙏
Thank you
Today stock open gap up for 7405 & made high of 7640.. previous day close was 7202.15
* Since 4 weeks price trading between a range .. support 7430 (pivot)
* Currently stock in downtrend.
* Today strong pullback happened.
* Also there is an Acquisition news related to Industrial gas supply assets (agreement with Tata Steel) may benefitted to the stock.
* See the strong breakout of trend line
* Also strong volumes.
* Rsi also inclined.
* Long trade can be invalid below 6700 if it breaks decisively.
*** Can be a short term bet.***
It's my view. No buy or sell recommendation 🙏 plz DYOA
Please boost my post if you find it useful 🙏
Thank you
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