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Bullish Triangle Pattern Breakout seen in Construction CompanyHello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought another stock which has given breakout of Bullish Triangle Pattern with good weekly volume on chart. Stock really have given good move after breakout, but wait for best entry in case stock gives some lower momentum in between (300-325). Aggressive players can take entry from here too and accumulate more if you see lower levels in it.. Stock is good for short term to long term as well. This is kind of invest and forget type stock. Technicals:- stock is trading above 200-DEMA. stock has given bullish crossover in MACD and RSI indicator. stock has given breakout of Triangle pattern with good volume. Everything suggesting a bullish momentum in this stock. NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:KNRCONLong
by TraderRahulPal
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations. Market Performance: 📉➡️📈 After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest. Technical Indicators: 🛠 Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal. Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround. EMA & MACD: Entered positive territory, indicating bullish momentum. Parabolic SAR: Emitting a buy signal. MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33. RSI: At 75.87, above the upper band and showing bullish momentum. %R: Trending upward, indicating strength. Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days. Entry Levels: 🎯 Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10. Conservative Investors: Consider entering at 776.00. Target and Stop Loss Levels: 🎯 Target 1: 784.05. 🎯 Target 2: 901.35. 🎯 Target 3: 817.50. 🎯 Stop Loss: 756.15. Market Outlook: 🌤 PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable. Caution: ⚠️ Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential. Disclaimer: ⚠️ This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly. #PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:PSPPROJECTLong
by finogent