(INQQ) Pivots Trading Plans and Risk Control

August 25, 2024, 12:14 AM ET, BY Barry C. – Contributing Writer | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for INQQ

• Buy INQQ just above 15.5, target 16.03 stop loss at 15.46 Details

Technical summary data tells us to buy INQQ near 15.5 with an upside target of 16.03. This data also tells us to set a stop loss at 15.46 to protect against excessive loss in case the stock starts moving against the trade. 15.5 is the first support level below 16 and as per the rule, any test of support is a buy signal. In this case, support of 15.5 is tested so a buy signal would exist.

• Short INQQ slightly below 16.03, target 15.5, stop loss at 16.08 Details

Technical summary data suggests a short position for INQQ as it approaches 16.03 with a downside target of 15.5. However, we should have a stop loss at 16.08. 16.03 is the first resistance level above 16 and as per the rule, any test of resistance is a short signal. In this case, if the resistance of 16.03 is tested, there would be a short signal.

Swing Trading Plans for INQQ

• Buy INQQ just above 16.22, target n/a, Stop Loss at 16.17 Details

If 16.22 starts to break higher, the technical summary data tells us to buy INQQ just above 16.22, with a target of n/a upside. The data also tells us to set a stop loss at 16.17 in case the stock turns against the trade. 16.22 is the first resistance level above 16, and as the rule of thumb, any break above resistance is a buy signal. In this case, 16.22, the initial resistance, would be breaking higher, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a long resistance plan.

• INQQ Short Position just off 16.22, Target 15.5, Stop Loss at 16.27. Details

Technical summary data suggests a short position on INQQ if it tests 16.22 with a downside target of 15.5. However, we should have a stop loss at 16.27 in case the stock starts moving against the trade. As a rule of thumb, any test of resistance is a short signal. In this case, if the resistance of 16.22 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day Trading Plans for INQQ

• Buy INQQ just above 16.22, target n/a, Stop Loss at 16.18 Details

If 16.22 starts to break higher, the technical summary data tells us to buy INQQ just above 16.22, with a target of n/a upside. The data also tells us to set a stop loss at 16.18 in case the stock turns against the trade. 16.22 is the first resistance level above 16, and as the rule of thumb, any break above resistance is a buy signal. In this case, 16.22, the initial resistance, would be breaking higher, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a long resistance plan.

• Short INQQ just off 16.22, target 15.5, Stop Loss at 16.26. Details

Technical summary data suggests a short position on INQQ if it tests 16.22 with a downside target of 15.5. However, we should have a stop loss at 16.26 in case the stock starts moving against the trade. As a rule of thumb, any test of resistance is a short signal. In this case, if the resistance of 16.22 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Check the timestamp of this data. Updated AI-generated signals for Indian ETF Internet & Ecommerce (INQQ) available here: NO.

INQQ ratings as of August 25:

Deadline →	Nearby	Mediocre	Long
Rate	Strong	Strong	Strong
P1	0	0	14.96
P2	16.05	15.94	15.5
P3	0	16.22	16.03

AI-generated signals for INQQ

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This Indian ETF Internet & Ecommerce (NASDAQ: INQQ) report is brought to you by Stock Traders Daily. Over the past 20 years, our methodology has been refined to help identify strategies for both individual stocks and stock markets, with careful risk controls.

Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for INQQ change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The principles that govern the data in this report are the principles of technical analysis. For example, if INQQ is testing buy signals, support, the area, and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or a short position, and support would be a downside target accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and also act as a risk control level.

Swing Trading, Day Trading and Long-Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and Long Term Investing plans for INQQ as well. All of them are offered below the Summary Table.