radha_23

Permanent Magnets Ltd - Resistance + Trendline Breakout

Long
BSE:PERMAGN   PERMANENT MAGNETS LTD.
πŸ“Š Script: PERMAGN (PERMANENT MAGNETS LTD.)
πŸ“Š Sector: Electrical Equipment
πŸ“Š Industry: Engineering

Weekly Time-frame

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ Already Crossover in MACD .
πŸ“ˆ Already Crossover in Double Moving Averages.
πŸ“ˆ Volume is increasing along with price.
πŸ“ˆ Script has given Trendline Breakout which was working as resistance(sown in chart) in both time frame daily as well as weekly.
πŸ“ˆ Current RSI is around 83.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 507
🟒 Target πŸŽ―πŸ† - 597
⚠️ Stoploss ☠️🚫 - 468

⚠️ Important: Always maintain your Risk & Reward Ratio.

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