INIL - Swing Idea

116

Current price: 162.99

Logic:

Price has been in a steady downtrend from ~220 to ~160.
Today’s candle is a strong bullish reversal – engulfs previous candle’s range.

Volume shows absorption (higher volume on up move).

Key levels:

Resistance: 170 (previous support turned resistance)

Support: 155 (today’s low)

Plan:

Long above 165 (break of today’s high) → target 177 → 184.
If Rally extends, then further tps are 194 - 203
Stop below 155 (invalidation).

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