PATELENG trade ideas
PATEL ENGINEERINGBUY- CMP
SL-13
TRGT- OPEN 17-19-21
BIG MOVE AFTER THE BREAKOUT ABOVE 17..
ON RADAR..
PATEL ENGG : Will history repeatGoing back to the data on BSE, we saw that Patel used to trade in between 11-23 during May 2002- Dec 2003. It gave breakout in Dec 2003 made high of 38 and then again fell back to 18.25 from where it has run non stop. 16 used to provide support during those days.
Levels to watch out are 18.25-15.90 . If counter makes panic low in this zone and then again closes above 23 (daily or weekly) with volume, then that low can be used to buy stock for target of 38.
PATELENG Buy SetupPateleng is forming a bottom around the daily demand zone, RSI is also showing positive divergence on daily chart
I would buy at 61 for
T1 = 65
T2 = 69
T3 = 75
T4 = 81
SL = 58.9
#PATELENGPositive Divergence Observed
Binet's Formation
Awaited Weekly strength candle
View negates with C < 62
Dont Miss - Go LongGo long for Medium to Long Term: 14-01-2018
Buy from 88-90, SL 80 (CB), Worst Scenario - 74 (CB),
Targets: T1-115, T2-150, T3-199, T4-400
PATELENG, LONG, TARGET- 103, STOPLOSS-74Share has made a break-out from Symmetrical Triangle Pattern (indicated in graph) with very good volume. EMA 12 days has also came above the EMA 26 days (shown by green and red line). Share price is expected to increase.
Investment Pick - Patel Engineering CompanyBuy Patel Engineering Company between 70-90 for target of 120, 140 & 150. Stoploss 65.
The views are personal, before investing you may consult your adviser for investing.
Go long with strict Sl of 77With support of 77, one can buy at CMP with SL of 77. If stock closes bellow 77 then stay away and exit.
heading for highs? (new to charts)In trendlines charts with multi year view, it looks like heading for multi year highs.
Kindly suggest
