Mid Term Trade
Rising Wedge Breakout in PENNAR IND.
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- Debtor days have improved from 72.2 to 45.8 days.
- Company's working capital requirements have reduced from 94.1 days to 62.5 days
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 102-105
Target Price 121
Note:- I am not SEBI Registered This Trade is only educational Purpose
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- Debtor days have improved from 72.2 to 45.8 days.
- Company's working capital requirements have reduced from 94.1 days to 62.5 days
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 102-105
Target Price 121
Note:- I am not SEBI Registered This Trade is only educational Purpose
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.