Linde India - trend reversal??

9월 5일

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