PNC INFRATECH - Swing Trade Analysis - 8th July #stocksPNC INFRATECH (1D TF) - Swing Trade Analysis given on 8th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#pncinfratech #niftyinfra #nifty500
PNCINFRA
PNC Infratech Ltd - Breakout Setup, Move is ON...#PNCINFRA trading above Resistance of 505
Next Resistance is at 584
Support is at 395
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.
PNC Infra waiting for results to move!PNC Infra:
-Tested 460-470 range several times but didn't fell much from there recovering fast, showing supply from resistance is not strong.
-Tight closes near this Breakout (BO) level.
-A long base forming, means can give long breakout (check Gold n Silver how they from long base consolidation gave big move).
-Check red arrows what volumes are doing on falls.
Waiting for results announce.
PNC Infratech bullish with cup and handle!While It can be visible from its all-time high to now, a cup and handle with a deeper cup is formed on the PNC Infratech chart. It is giving a sense of bullish momentum.
I have combined charts of Godrej Consumer Products with it as when you see its chart as individual, you will see both these charts seem similar in pattern. As it has happened with Godrej Consumer products it is now in uncharted territory after this pattern, it may happen the same with PNC Infratech as well.
PNCINFRA - Bullish Consolidation Breakout with volumesNSE: PNCINFRA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 17% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
PNCINFRA | Swing Trade📊 DETAILS
Sector: Construction - Infrastructure
Mkt Cap: 9,647 cr
PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.
TTM PE : 16.12 (High PE)
Sector PE : 35.69
Beta : 0.59
📚 INSIGHTS
Weak Stock
Investors should be very cautious while exercising investment decision for the stock
5.80% away from 52 week high
Outperformer - PNC Infratech down by -0.91% v/s NIFTY 50 down by -1.39% in last 1 month
📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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PNCINFRAPNCINFRA:- Stock is moving in parallel channel, about to give breakout, keep your eye on alert
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.
PNCINFRAPNCINFRA:- Consolidation is happening in a range, if we get a breakout, we can see a strong movement to the upside.
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.
PNCINFRA - Long Setup, Move is ON..✅ #PNCINFRA trading above Resistance of 349
✅ Next Resistance is at 392
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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PNC Infratech LimitedPNCINFRA:- The stock has also given a breakout by forming a cup and handle pattern and has come for retesting, keep an eye on it
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.
Good Upward TrendEducational Purpose Only
Long after breaking the resistance trend lines for the given target. The stock has very good fundamentals and technical support for a good long term/swing return.
Volume increased, broke long term resistance line, following the trend.
The given levels will act as support and resistances for future swings. Set the target based on the LTP and the given levels.
BULLISH on PNCINFRANSE:PNCINFRA
The price has given the breakout from the channel pattern. The MACD is also bullish. The RSI is above 50 which shows good momentum. The Price has crossed from 200 DMA, and also trading above the moving averages which shows bullishness. This view is for Short term Investment i.e. upto 1 year. The SL is around 245 levels and Target is around 375 and after this target is achieved, then i will update my position.
Disclaimer : This is my own view and analysis. This is for educational analysis. This is not a recommendation, call or a tip.
Long PNCINFRANSE:PNCINFRA
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.
PNC InfraMCAP : 8672 CR
TTM NP: 508 cr
Trailing PE : 17.1x
The new results woulsd be in the region of 105 cr, pushing the ttm Net Profits to 506cr and PE to 16.2. The channel set up since Mar 2021, is very attrractive. The cup like formation is even more convincing.
Much better play among the Infra companies like KNR or GR Infra.