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kushalnit
Jul 18, 2023 8:36 AM

Punjab Chemical Investment Opportunity Long

PUNJAB CHEM&CROPNSE

Description

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
Comments
vanathi
Hi,

Welcome to the TradingView community. Good work on your first analysis.
Refer the link for guidance. tradingview.com/support/solutions/43000603748-how-to-post-awesome-ideas-and-get-lots-of-likes/

regards,
Vanathi
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