NSE:PATELENG
cmp 76
breakout given at 67 which was a good entry point to take position
expecting 2X gains in the coming months
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry...
Stock has given massive returns in recent weeks, then some profits booking seen, again taking support near 48-50 zone, ready to give BO, follow chart for proper support and resistance levels.
NSE:PATELENG
✅ #PATELENG trading above Resistance of 58
✅ Next Resistance is at 91
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
I have identified stock in March 2023 when it was trading at 15.30rs, in April 2023 Vijay Kedia invested in this Stock. Since March 2023 Stock already given 200% returns and now trading at 45+.
YOU MAY SEE STOCK PRICE IN 3 DIGITS IN NEXT 1 YEAR
Is rally over??? NO, ITS JUST BEGINNING as per my view
This is not buy or sell recommendation, DYOR BEFORE INVESTING.
Good breakout in PATEL ENGINEERING
short targets 20
long targets 25++
Range break out in Fibonacci Retracement with high volume
Note that my analysis is only for educational purposes, fell free to give your view on my analysis
