PUNJABCHEM - Multifactor Breakout

1. PUNJABCHEM has given long term Trend Line breakout.
2. It has been consolidating around 1020-1050 for last 6-7 days.
3. 1050 is long term support/resistance as well.

Intraday
Entry around 1053-1055
SL - 1024-26
Target - 1080, 1098

Swing
Entry above 1060 (hourly close)
SL - 940 (day closing)
Target - 1150, 1200, 1300

Kindly follow risk management. I will prefer it for Intraday as capital is blocked in other trades

Thanks
Piyush Gupta
Learn & Earn

Comment:

Intraday target was reached same day. Rather it moved beyond Target 2

Swing Target 2 (1200) is reached on 23-Aug.
15% move so far