PIONEEREMB - Weekly Chart Analysis
This fellow is showing strength.
Bigger down trend break and retest done.
Smaller down trend break and retest done.
Decent Volumes seen in last few weeks. Sustaining above all key moving averages.
Now we need to wait and watch it to sustain above the supply zone (51-60). Once it sustain we can go with pilot position and also consider it as the support zone and if it manages to close below it then my view stands invalid.
As per the trend based fib 103 - 106 - 125 - 132 - 164 levels can be tested in the long term.
NOTE: This script can be risky as 60% of the promoter holding is pledged.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Bigger down trend break and retest done.
Smaller down trend break and retest done.
Decent Volumes seen in last few weeks. Sustaining above all key moving averages.
Now we need to wait and watch it to sustain above the supply zone (51-60). Once it sustain we can go with pilot position and also consider it as the support zone and if it manages to close below it then my view stands invalid.
As per the trend based fib 103 - 106 - 125 - 132 - 164 levels can be tested in the long term.
NOTE: This script can be risky as 60% of the promoter holding is pledged.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Disclaimer
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