PANAMA PETROCHEM is in consolidation and RSI is showing a reversal with trend shift. Any move above this green zone will lead to another 52Wk high.
ENTER only if you can accumulate for sometime.
Stock Name - Panama Petrochem Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 360
#This is not Buy and Sell recommendation to any one. This is for...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Panama Petro closed the week at an all time high. The stock has broken above the long term resistance trendline (check the namesake on the chart) and managed to close above it for the first time on a weekly basis. Stock looks good for significant short to medium term gains and can be considered for positional trade/investment.
Since the stock is at an ATH, we...
The stock has broken out of the pattern, and is likely to continue its upward trend.
Considering the current state, the trade can be initiated with stop loss around 275 for targets of 315 and 350
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If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do...
PANAMAPET - BGF
11 Dec 2020 - CMP 98.35
Buy now or dips till 90
SL 75
TGT 104/125 /155
It private, coz i just want to check if a price moves at 90 deg and breaks out, will come down.
