ChartSarathi

ROLEXRINGS: At Breakout of 3rd PC | Target 2300 (15%+ Upside)

Long
NSE:ROLEXRINGS   ROLEX RINGS LTD
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC
ROLEXRINGS (CMP: 19699.15)

--> ALL 3 Parallel Channels namely PC-A, PC-B & PC-C are of SAME WIDTH & SLOPE !!
Isn't it wonderous!!

Current Status:
-At breakout level of PC-C Upper line
-If the coming days candle goes above 1895-1900, it will be confirming BO
-And if not, it will test the midline at 1875-1880, better entry point
-Recently shown huge buying volume

-For Swing Trade
Entry1-2000, SL-1860 (If BO confirms before tests midline again)
Entry2-1900, SL-1829( If comes to test midline)
ST Target-2300, then 2600

For LT holding purpose script has strengths in fundaments, good pick for portfolio buildup

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