NamantSatiya

PILANI INVESTMENTS - Another bumper stock!

Long
NSE:PILANIINVS   PILANI INVESTMENT
Pilani Invesments a is very strong stock fundamentally.Its market value of invesments is more than its market cap of 1815cr.
Charts Suggest bullish move coming.It has formed a symmetric triangle on daily charts with bullish bias.
On weekly charts it has formed a Pennant Pattern.A pennant pattern is continuation pattern, so if a stock is in uptrend a pennant pattern suggests that it will continue stay in uptrend after a breakout. Look in the comments section for the weekly charts pattern.
Have a look at my previous stock suggested, JVL Agro which is 25% up in 3-4days.
Goodluck Investing.
Comment: One can enter at current market price or post breakout with a SL 2145 on closing basis for targets of 2445,2525 and then 2650.
Trade closed: target reached: All Targets achieved.
Can continue to hold as investment.