PILANIINVSPILANIINVS:- The stock was in consolidation for a long time, it has given a breakout after 6 years, the volume is also good.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PILANIINVS
PILANIINVS For Swing TradingPILANIINVS Prediction for Swing/ Positional Trading
Breakout happened at Entry 1 level above 2020. Level retested . Entry 2 was at 2650. It may be retested again or may happen more correction upto 2540 level. You can enter into trade CMP or after retesting ao you can entry into trade according to your experience.
Sls- according to you RRR.
Targets- 3170,3715,4320,4895,5460,6055,…(more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About PILANIINVS –
Pilani Investment & Industries Corp. Ltd. is a holding company, which engages in the provision of investment and related services. It invests in shares and securities, loans and trade accounts receivable, and mutual funds. The company was founded on August 9, 1948 and is headquartered in Kolkata, India.
watch for resistance breakoutbuy above 2060
for swing trade keep stoploss according to your risk capacity
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.