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PENNAR INDUSTRIES LTD.PENNAR INDUSTRIES LTD.PENNAR INDUSTRIES LTD.

PENNAR INDUSTRIES LTD.

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PENIND trade ideas

PENIND~~DIWALI PICK >READY FOR STRONG BREAKOUT ?NSE:PENIND PENIND (PENNER INDUSTRIES LTD) DIWALI PICK 2024 CMP 207 Buy on Dips till 150 For Targets🎯222 / 238 / 259 / 285 / 299++ Positional Targets🎯 318 / 336 / 255 / 381 / 395++ Best Wishes of Diwali !! Regards, Harm⭕nics4Life 20/10/2024 =============================================== Technical Setup 1) Rounding Bottom on charts 2) Inverse Head and Shoulder Pattern in formation 3) Placed Strong above 190 levels (Crucial Breakout Zone) 4) At chep valuations 5) Volume addition =============================================== Breakout Chart Positional Chart
NSE:PENIND
by Harmonics4Life
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in PENIND BUY TODAY SELL TOMORROW for 5%
NSE:PENIND
by Kapil-Mittal
2
Pennar Industries Limited - Breakout Setup, Move is ON...#PENIND trading above Resistance of 189 Next Resistance is at 257 Support is at 121 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:PENINDLong
by MandeepSinghKohli
2
Stock Is Showing Strong Momentum- Must Add In Watchlist ✅RUPA & CO. has shown strong momentum, breaking out of a 1-year resistance level at 320 with a significant spike in volume. The stock has tested this level multiple times since May 2023 and now has a clear path for an upward rally if it sustains above 320. The RSI is also rising, indicating increasing buying pressure. ✅Rupa & Co. has been expanding its product range and market presence, contributing to recent positive performance. The company reported a 20% increase in revenue for Q2 FY24, reflecting robust demand in the innerwear segment.
NSE:PENINDLong
by Marketik
2
Pennar Industries Ltd. ( potential to break ATH) Sector: Iron & Steel WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support. LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline may react as a resistance once it broke it will b rocket... if PA breaks its support 162 @ daily closing basis then next accumulation zone 142-120... price may face resistance at 182 as DAILY supply zone, so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:PENINDLong
by RISINGSTONE
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in PENIND BUY TODAY SELL TOMORROW for 5%
NSE:PENIND
by Kapil-Mittal
PENIND Bullish; above 124 on Tuesday 21 Nov. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:PENINDLong
by JJ_Breakouts
Mid Term TradeRising Wedge Breakout in PENNAR IND. Book profits within the first 30 minutes of the market opening - Try to exit by taking 10-15% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - Debtor days have improved from 72.2 to 45.8 days. - Company's working capital requirements have reduced from 94.1 days to 62.5 days Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 102-105 Target Price 121 Note:- I am not SEBI Registered This Trade is only educational Purpose
NSE:PENINDLong
by kishan_Vyas
2
PENIND - Weekly Chart AnalysisStock was not able to sustain above ATH 79.45 level. It is now consolidating for a month long in 15% range. I would want it to sustain above 87 levels. It is showing strength on monthly timeframe. It is also trading above its key moving averages too. 79.45 shall now act as a key support. If it close below this weekly then the view get invalid. Volumes are decent and satisfactory. Lets wait n watch. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your due diligence and trade at your own risk.
NSE:PENINDLong
by marketmoneymohmaya