NSE:PNCINFRA
The price has given the breakout from the channel pattern. The MACD is also bullish. The RSI is above 50 which shows good momentum. The Price has crossed from 200 DMA, and also trading above the moving averages which shows bullishness. This view is for Short term Investment i.e. upto 1 year. The SL is around 245 levels and Target is around 375 and...
#TechnicalAnalysis Study of #NavkarCorp
Strong Momentum
Recent Breakout with Strong Volumes
Price > 30 WEMA
Entered Stage 2
Retest done
Relatively Stronger than #Nifty
0.5 & 0.618 #Fibonacci Levels of Corrective Leg ~ 118 & 142.
Looks good for medium term
Wabag is water management company globally ranked 4th .
It was in downtrend , a perfect inverted head and shoulder pattern formed beautifully and breakout from consolidation.
Long with a target of 363+ initially with a stop loss of 250 CB.
Disclaimer - Only for educational purpose not a recommendation.
(I am invested)
(Intraday / Swing / Positional) | RR 1:2.5+ | Type:- Pre - Breakout/Retest
Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Market & Sector Leader, Ready To Break - Triangle Pattern .
Entry :- 2040 (After Breakout)
Stop Loss :- 1985
Target's :- 2175 | 2300
(Risk Must Be Managed.)
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(Swing / Positional Trade) | RR 1:2+ | Type:- Breakout
Reasons To Trade🤔 :- Good Uptrend Seen After Selloff, Above 200 DMA, Took Support At Fibonacchi Retracement(61.8) Before Breakout.
Entry :- 181+
Stop Loss :- 172
Target :- 193 - 200
(Risk Must Be Managed.)
Keep Your Eyes On Index
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