Cyber Monday saleUp to 70% OFF
PENNAR INDUSTRIES LTD.PENNAR INDUSTRIES LTD.PENNAR INDUSTRIES LTD.

PENNAR INDUSTRIES LTD.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

PENIND trade ideas

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
Breakout Trap (Educational Purpose)Breakout Trap in PENIND Daily Analysis of PENIND This is how investers traps in a breakout trap PENIND has made double bottom patten and as per Double Bottom Pattern analysis the projected target has been reached but the picture is not over yet!!! Some investers do re-entery in it after it breaks recent resistance level. Same thing happend in PENIND after reaching projected profit it gave breakout to it's recent resistance level and after only 5 trading sessions it fells upto 16% and here is Stop Loss comes into picture. If someone has put a strict Stop Loss in a system he /she may exit the trade as per their Risk to Reward ratio. He/She may end up with only 5%-6% loss. But what if someone has not set Stop Loss in a system he/she may have 16% of loss till the date. That's why stop loss plays very important role in Investing as well as trading. There is also small loophole, the abnormal increased in volume may indicate there may be operators comes into picture to trap the retail traders/investors. As soon as retailers enters into a trade there has sharp fall happened. It may caused by operators have exit their position. This is my view and not a theory. If you like this Educational Analysis please do boost and share. Thank You All for your support
NSE:PENIND
by Avinash9087
1
Took this trade for 4% target in 1 day 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 The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR 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 Took this trade for 4% target in 1 day Trendline Breakout in PENIND BUY TODAY SELL TOMORROW for 4%
NSE:PENINDLong
by Kapil-Mittal
1
PENIND | Good for Long NSE:PENIND Reason for Trade : Daily / Weekly BO Cmp : 57.85 Entry : Cmp or near 56 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:PENINDLong
by Art_of_charting_Knowledge
2
PENIND - Ichimoku Bullish Breakout Stock Name - Pennar Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 52 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:PENINDLong
by nikunjbhadja
Buy Today, Sell Tomorrow: PENINDDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR 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: PENIND
NSE:PENINDLong
by Kapil-Mittal
2