Rocky_Chow

Prakash pipes coming out of consolidation

Long
Rocky_Chow Updated   
NSE:PPL   PRAKASH PIPES LTD
price has broken out of the resistance trendline and closed above it for the week... one can look for targets of 215 (being INHS width) and 240 with 250 being the final target here... price will get resistance between 188-195...a close below 164 on the weekly would negate this trade
Comment:
price has broken out in the last hourly candle today with volume... tomorrow price may be trading at unchartered territory

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