Price closing above the resistance and RSI making higher high
Key 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.
Only 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
On 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 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 - 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% )
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...
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...
1.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.
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...
PENIND is making a reversal bullish pattern with a favorable risk-reward ratio. I am looking upside of 10% in the short term. Download our app to get Daily Short-Term Stock Ideas.
Entry: 48 Stop loss: 46 Target : 59 Notes: Stock near 52 W highs Retest the 52 W high BO Cement stocks in momentum
flag bullish , tgt would be length of the pole and stop loss would be placced just below the lower trendline
DON'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...
Volume Breakout on Daily and retested once on hourly Best Buy Zone 40.8-41.5 SL 38.8 DCB Targets 45-46.5
I daily make educational content videos for financial markets
PENIND | Channel breakout - Looks potential for 25-40% CMP : 43 (Dip : 40) SL : 36 Target : 50, 57 Second target calculated based on Fib extension
Pennar Ind Seems bullish momentum may continue concentrate if price sustain above 42.90 in 4hrs