PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND
PENIND
(PENNER INDUSTRIES LTD)
DIWALI PICK 2024
CMP 207
Buy on Dips till 150
For Targets🎯222 / 238 / 259 / 285 / 299++
Positional Targets🎯 318 / 336 / 255 / 381 / 395++
Best Wishes of Diwali !!
Regards,
Harm⭕nics4Life
20/10/2024
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Technical Setup
1) Rounding Bottom on charts
2) Inverse Head and Shoulder Pattern in formation
3) Placed Strong above 190 levels (Crucial Breakout Zone)
4) At chep valuations
5) Volume addition
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Breakout Chart
Positional Chart
PENIND
Pennar Industries Limited - Breakout Setup, Move is ON...#PENIND trading above Resistance of 189
Next Resistance is at 257
Support is at 121
Here are previous charts:
Chart is 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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PENIND | Good for Long NSE:PENIND
Reason for Trade : Daily / Weekly BO
Cmp : 57.85
Entry : Cmp or near 56
Stop Loss: According to one's Risk Reward ratio
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
PENIND - Ichimoku Bullish Breakout Stock Name - Pennar Industries 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 52
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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