RS_V

Horizontal line breakout

Long
RS_V Updated   
NSE:PCBL   PCBL LTD
On edge of line breakout. At all time high, clear breakout can give us 10-20% profit.
Results are okay. Good Fundamentals, acquisitions, dividend, profit etc.
For trading keep a candle close 266 as SL for a target of 330 - 250.
For investing try to add tranches until the fundamentals change.
Trade active:
1st Target 330 reached on 20 Jan 24. Price moved 17% already. Trailing SL now.
Waiting for it to reach 350.
Comment:
Stock did not react -ve on dividend day. Not a thumb rule that stock price should fall on Ex dividend.
But considering 17 lakhs delivery qty. I want to believe there is strength.
Still holding not adding any position nor fresh entry now.
Trade closed: stop reached:
SL Hit at 300. GTT closed the trade.
I think this is a shake out. Will observe before taking any call.
Trade closed in 9% profit.
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