NSE:POWERMECH
#NSE:POWERMECH formed beautiful rounding bottom and trading @ Major Resistance.
Sustainability with volume support may show very good momentum for short to medium.
Levels marked on chart.
You can reach me in any possible way for your doubts on this chart.
buy above 1100 for intraday and swing
for swing keep stoploss below breakout candle low day closing basis . if low is very near than use previous day candle low
for positional can add in dips till 900 and stoploss below 800
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...
NSE:POWERMECH
#NSE:POWERMECH BO 8month old TL and registered strong volume.
Sustainability may show good upside momentum, potential levels marked on chart for practice.
Happy LEarning !!
Powermech Long (31 Jan)
RSI- 48
2 Hammer candles at previous support
Buy at CMP- 948
SL- 895
Target- 1024, 1080
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