kushalnit

Punjab Chemical Investment Opportunity

Long
kushalnit Updated   
NSE:PUNJABCHEM   PUNJAB CHEM&CROP
Long term trend shows that Punjab Chem has given buying opportunity.
In Period of >1 year it might give more than 30% returns if history gives any indication.
As soon as MACD crossover happens in monthly timeframe, we will see a rally for atleast 1 month. There you can book partial profit.
Must note that past performance doesn't guarantee future result.
Disclaimer : I bought at 925 for short term target:1400 and long term target: 1900
Fibonacci levels give target of 2400

Trade active
Comment:
And so it begins
Comment:
925 to 1025 in 16 trading days = 10%
trade still continues.
Comment:
925 to 1110 in 20 trading days = 20%
Can book partial profit
Comment:
925 to 1160 in 22 trading days = >25%
Can book partial profit.
Comment:
925 to 1202 in 24 trading days = 30%
This was my minimum target for 1 year.
Can book partial profit
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