PITTIENG
Break of trendline1.Pittieng has broke the trendline with good volume
2.RSI in position to rally
Gap up possible foe BTST trade
Keep the chart simple ...Let your chart speaks
PITTIENGCMP: 338
- Volatility contraction has been seen in the chart.
- The stock is now trading near breakout level
3 Amazing stocks and Index Ideas for 28 July I daily make educational content videos on Financial Markets
PITTIENGSwing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
YR 2022 Idea #41: Long on PITTIENGThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Stock moving in Blue sky zone.Big candle breakout in NSE:PITTIENG
If stock crosses 350 this week, we can see an immediate upside upto Rs.500.
Investor can hold for a clear target of 1000Rs.
The idea shared is only for educational Purpose.
Daily Cup and handle Pattern in PITTIENGAlready Cup and handle pattern broken in Pittieng and breakout candle is supported with Volume. Retested 300 range (Major support) and formed Harami candle in that support range in a daily time frame. It can reach till 380 range. In 1 hour chart also it looks bullish and do your own analysis before investing.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalPITTI ENGG
Stock after breaking it s Resistance Zone again retraced and now again at Support Zone which is previously its Resistance
So if price sustain at this levels,
Can be buy for targets of 10-20% with SL of 294 on Daily closing basis
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Pitti engineering
The stock has strong institutional support Heavy institutional buying over the past 13 weeks
Earnings Per Share Rating indicates great yearly and recent period earnings growth for Pitti Engineering.
Today, Pitii engineering stock closed 11.29% up on greater volume than the 50-day average. A leading stock that moves up in heavy volume is often sending a signal that big institutions are accumulating the stock
Quarterly earnings
Month EPS %Chg Sales(Cr) %Chg
Dec-21 3.60 +59% 264.8 +75%
Sep-21 4.04 +28% 242.2 +79%
Jun-21 2.31 +176% 175.4 +185%
Mar-21 6.62 +1309% 170.3 +51%
EPS DETAILS
Year EPS Price (INR)
(MAR) (INR) HI LO
2021 8.98 266 53
2020 5.42 59 19
2019 7.67 75 31
2018 4.22 110 62
2017 2.00 119 46
2016 -3.54 65 26
2015 3.46 89 36
2014 1.56 38 15
PITTI Engineering - ATH1. Stock made new high.
2. Retraced to breakout levels.
3. Again started to move.
FII/FPI have increased holdings from 0.12% to 0.30% in Dec 2021 qtr.
PITTIENG PITTIENG (Monthly):-139.25 CMP, looks good for more upside :)
1)Breakout Previous Resistance
2) Volume Spurts
