CautiousChartist

PRAKASH PIPES - Awaiting Breakout !

Long
CautiousChartist Updated   
NSE:PPL   PRAKASH PIPES LTD
Self Explanatory Chart.
A rising wedge which contains a consolidation (retest) after a breakout from round bottom / inverted head and shoulders formation.
Trade active: This stock formed 3 doji candles and ended last week with a red candle indicating weakness.
However, despite a weak index opening today, it closed positively.

If the strength continues , it would cross 140 for the desired targets, however if in doubt raise the stop loss to 130-134.
Comment: TARGET 3 ACHIEVED AGAIN

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