Positive MACD and Golden Crossover possibility Sairam Nadikuda: 1100 crore market cap
Sairam Nadikuda: 173 crores cash,363 crores receivables and 783 crores inventory
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.
x-TreaderGood swing trade PENIND. buy near 85 and first target is 101 second target 111 stoploss near 66
Darvas Box breakout in PennarChart -> Pennar Industries Daily
CMP: 87
Targets: 97, 105
SL: 80.50 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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.
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Good BO with Volume- The stock is in an uptrend, making HL and HH
- After a BO it did retest the BO zone and then consolidated around the ATH
- Now given a strong BO with big volume
- Bullish RSI
- Trading above all major EMA
CMP 84.40
Target 100
SL below 77 on closing basis
Pennar IndiaALL time high breakout with good volumes.
Can be bought if the high of the breakout is taken out.
Pennar industries momentum tradeKey points:
1) Stock is forming hidden bullish divergence.
2) On weekly and daily time frame stock taking support on rsi 60.
3) Stock trading near ATH.
4) stock taking support at 20 days moving average.
Pennar Industries - On strong ResistanceOnly for educational purpose.Not a recommendation
Company manufactures steel products. A small cap fundamentally weak stock from metal sector. Now broken a strong resistance . if it moves up from here , can go nearer to 70 levels
Pennar Industries - InvestmentOn weekly time frame price is in uptrend. In daily time frame price is consolidating in a triangle. Close above the upper trend line with volume will give the bullish strength. Buy above 58 with the stop loss of 51 for the targets 66, 78 and 84. Time duration : 6 months to 2 year. Note : Consult your financial advisor before investing.
Pennar Industry - Cup & Handle PatternPennar Industry
CMP: 57.95
Buy On Dips (Till 48)
T1: 62.5
T2: 67.6
T3: 85.5
SL: Handle of the Cup (Around 32-34)
PENNAR INDUSTRIES - BreakoutPENNAR INDUSTRIES - PENIND | Channel breakout
Looking good for a Swing.
Broke out on 1D timeframe and now into retracement. If respects the trendline Go Long above 40
Buy above - 40
Stop Loss - 38.20
Target 1 - 46.15 ( 15% )
Target 2 - 50.30 ( 25% )
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%
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.
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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
Stock is in cup formation---Pennar Industries1.Stock is trying to make cup formation in weekly timeframe.
2. Blue lines can act as resistance in coming days.
3. 79 is ATH and can be gained approx 2months.
4.There is also increase in volume.
5.Nearly 60% gains, if price hits ATH.
CHART IS POSTED ONLY FOR TRADE IDEA/ EDUCATIONAL PURPOSE. PLEASE DO YOUR OWN ANALYSIS.
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
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PENIND - A bullish view for short-termPENIND is making a reversal bullish pattern with a favorable risk-reward ratio. I am looking upside of 10% in the short term.
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PENNAR INDUSTRIES - 52 W HIGHEntry: 48
Stop loss: 46
Target : 59
Notes:
Stock near 52 W highs
Retest the 52 W high BO
Cement stocks in momentum
penindflag bullish , tgt would be length of the pole and stop loss would be placced just below the lower trendline
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
penindVolume Breakout on Daily and retested once on hourly
Best Buy Zone 40.8-41.5
SL 38.8 DCB
Targets 45-46.5
