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pradipandsuvra

PCBL: Rounding Bottom Breakout

Long
PCBL LTD (NSE:PCBL)  
pradipandsuvra  
NSE:PCBL   PCBL LTD
Double Top or Bottom Elliott Wave indianstockmarketanalysis stocktowatchfor stocktobuytomorrow
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doubletoporbottom elliottwaves indianstockmarketanalysis stocktowatchfor stocktobuytomorrow
PCBL is showing the following bullish patterns:

  • A rounding bottom formation (saucer pattern)
  • The current price action is negotiating a long term resistance, about to breakout.
  • Volume is double than the average volume for last two sessions
  • The price is above the adaptive moving average and in uptrending

Trade: Buy above 144, SL: 140, T: 147/152
Sell below: 138, SL: 141, T: 135/130

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