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
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/
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