Pressman Advertising LimitedPRESSMN:- Rounding bottom pattern formed, with good volumes, keep your eye on it
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Ajay.
keep learning and keep earning.
PRESSMN
PRESSMN - Cup & Handle Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Pressman Advertising / Good Volume Activity Pressman Advertising is forming inverted head and shoulder on a weekly time frame.
The stock price is on the verge of making a bullish breakout from the technical pattern of an inverted head and shoulder at around 31-32 levels. There has been a substantial increase in volume near the right shoulder of the technical pattern which indicates that the price breakout along with such increased volumes can push the price higher towards 35 levels. A leading technical indicator RSI has been indicating a positive divergence on the weekly chart where the price has not yet made a bullish breakout however RSI has moved up higher from its previous high. Thus, buying opportunities can be considered near 31 levels with an SL at 26.95 and a target of 55.60.
SL 26.95
TP +35 +43.20 +55.60
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Warning: Pressman Advertising has only 72 Cr as Market Cap the stock has very low liquidity. Would suggest managing your position size.
