The Stock in it's trading history has tried 3 times to break the particular resistance level but has actually failed to do so. Now on Friday it has touched the particular mark and it is highly probable that it can give breakout to much higher levels.
The Stock has tried 3 times in its trading history to break these levels. And it has touched the sames level on Friday, now it is highly probable that the stock will cross the given level this time.
Looks good for upside. If breaks 19 more upside is expected
Waiting for braekout at 11.35 after that it looks good for targets T1:- 14.10, T2:- 17.50. Also analyze on your own. Happy Trading...
PENNY STOCKS ARE HIGH BETA STOCKS, THEY CAN GIVE YOU RICHES AND POOR IN A MATTER OF DAYS! PENNY STOCK I'M CURRENTLY EYEING IS PARAMOUNT COMMUNICATION LTD. IT IS SHOWING AN INVERTED CUP AND HANDLE PATTERN, WHICH IS A STRONG BULLISH PATTERN! TARGETS ARE MARKED IN PINK AND SL IS IN WHITE! *THIS IS NOT FINANCIAL ADVICE, CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING
NSE:PARACABLES Para cables Resistance BO All levels marked on chart
The stock looks good above 11.4 level for a target of 14. Since it's a cash stock I recommend to trade with less quantities.
ENTER AT BREAKOUT ON HEAVY VOLUME ONLY FOR EDUCATIONAL PURPOSE
After a long period of contraction, now the stock is moving for the big move. The company belongs to a niche field and has long term prospects. A long term positional bet for targets 50, 100.
bullish:bounce back can be expected from 11.85
Fundamentally, the company has a turn around story, expected to come out in profits from next quarter. Levels, marked on chart
Price action of Paramount communications show long term resistance break out with high volume.