INIL LONG TRADEINIL was in downtrend from Jul-Nov 2024.
Since then it is i WYCKOFF Accumulation Zone, having completed AR, PS events and successfully carried out Spring below Major Support and Inducement Level. It has given reversal with validation through required Volume Distribution.
Targets having been calculated from overlying Bearish Order Blocks/ Supply Zones
Steel will be one of sectors to perform exceptionally in pre-budget rally.
🚨 TECHNICAL BUY CALL –INTERNAL INDUSTRIES LTD (PSX: INIL) 🚨
🎯 BUY ZONE: Rs. 140-150
📈 TP 1: Rs. 180
📈 TP 2: Rs. 220
🛑 STOP LOSS: Below Rs. 130 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3+
Caution:
Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
INIL trade ideas
Wait for a Good Support LevelIt beautifully completed ABCD pattern around
219 - 220 and then reversed.
Now the immediate Support seems to be around
122 - 123; from where it may start making the
Right Shoulder (may be up to 160 - 170) of H&S pattern.
However, next important Support is around 95 - 100.
INILAre 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.
PSX KSE 100 INTERNATIONAL INDISTRIES INIL1- Breakup of weekly Trend
2- Volume Increasing day by day
3- Fibonacci retracement also done
4- Hopefully it will get Target
5- Facing resistance at 143.28 and completing Support at 0.382 at 141.05 is again moving up
6- trend is UP
7- Stosch RSI indicator is also generated a buy signal.