amankavi
Long

PNC infra: Rounding bottom (reversal)+breakout

NSE:PNCINFRA   PNC INFRATECH LTD
Although, Not 100% perfect pattern as the low of the rounding bottom should resemble a “V” bottom,however the trend has been validated by trend period which took several weeks to form and volume increase at the beginning/end with low volume movement during trend formation
The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias and has now breakout and advanced with volume rise
MACD also showing the way
Enter above 173 post confirmation
Aiming short term for price target as defined.
Comment: Showing bullish surge with reaching CMP 184 as anticipated
Comment: Target 200+ done
Still surging beyond 52-week highs
Comment: One can again aim for same target as the scrip has reversed around support zone with company showing progressive results

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