PNC 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...
#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...
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....
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...
NSE: 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%...
📊 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,...
PNCINFRA:- 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...
PNCINFRA:- 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...
✅ #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...
PNCINFRA:- 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...
Educational 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...
NSE: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...
Overall View is given in the chart. There is possible breakout in PNCINFRA. Do your own analysis before investment. its purely technical call. Important support, Target are given in the Chart.
NSE: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.
