Pennar Industries - On strong Resistance
Updated
Only for educational purpose.Not a recommendation
Company manufactures steel products. A small cap fundamentally weak stock from metal sector. Now broken a strong resistance . if it moves up from here , can go nearer to 70 levels
Company manufactures steel products. A small cap fundamentally weak stock from metal sector. Now broken a strong resistance . if it moves up from here , can go nearer to 70 levels
Trade active
Now @ 76 . Again preparing for a move.Trade active
Already near its alltime high. Now retesting its resistance band . Also a multi year round bottom pattern breakout happened at the present level from the mid of year 2017 .If it goes above 78-80 levels then we can see a next move up to 100 levels soon.
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