PNC Infrastructure stock is forming a Falling Wedge pattern. The pattern is formed from Sept 21 and continues. Lower support is at Rs 244 and immediate resistance at Rs. 310 & Rs.343. The present price of Rs. 272 is below the 200 DMA and 50 DMA.
MCAP : 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.
This is follow-up on PNCInfra. Can check link to related ideas.
Target 2 achieved. More than 61%. Target 3 is ON.
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...
buy above 267 in intraday
keep sl at 260 or use 5 minute chart for nearest support.
Note: this is only intraday trade. for swing and positional trade length of pattern must be big
for intraday we need only momentum so that we can grab few quick points.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially...
NSE:PNCINFRA has taken multiple support of the trendline drawn in the chart.
It has given huge breakout from Multi year Channel it was trading in. Past 4-5months it has retested and remained stable above the large channel forming good consolidation to more upside continuation.
The time frame is monthly and weekly on which i have observed everything, expect...
Buy for near term (8-12 trading sessions) targets mentioned on the chart. Fundamentally strong stock - can hold longer for bigger targets.
The stock has closed above the parallel channel. Also, it had closed above its 50 DMA on Thursday 20th May 2021 and pushed higher the next day on the daily chart.
The analyses that I publish are solely for...
Flag and pole pattern breakout!
Looks good to buy with targets marked in the chart. Set stop-loss according to your risk appetite.
Also, MACD further supports the breakout.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.