padiyara
Long

Pokarna 1224 is bullish an having a breakout from pole& pennant

NSE:POKARNA   POKARNA LTD
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3

Pokarna 1224 is bullish an having a breakout from
a pole and pennant formation, Pole height is 1314-910=404
Target 1159+404 =1563
Comment: @qazi
Suzlon I checked, having strong resistance at 18, it is technicaly weak and cannot go beyond that level, unless something strong fundamental changes happened. the 15.7 support can be break and it will see again at 12.
Elxsi is great yaar. Dont worry about that. I will look in to it in detail, it is having a strong support 1394.

Comments

sir can i buy pokarna now in options
Reply
padiyara Kumaran1964
support is broken, next support is the gap 970 around.

@Kumaran1964, option strategies are different from swing , positional trading or investments.
It has got many Greeks not in favor of a trader, and I am not able to give any advice on options.
Reply
padiyara Kumaran1964
@Kumaran1964, pokarna is not trading in derivatives, am surprised how come you plan options.

Another thing, this post MCX, tata elxsi,pokarna ,nandan, & JBF was prepared on request from a friend QAZI.
and was not any recommendation. I put up this message in some post but missed to add everywhere in all post.
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Gaps at 1128, 925! One is filled. Second? BSE & NSE charts are slightly different, so values are different. Pokarna is listed on NSE recently.
Reply
Pokarna today's low so far is 1111. Trading near 1150. Support could be around 1060.
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