PENIND trade ideas
Pennar Ind buy ideaThis idea is just an educational Purpose.
Target mention in Chart.
This stock has already move 10%+ from support area. There are chances It may go Up Now.
TF - 2 to 4 weeks.
Buy at CMP
Else wait for cross the 32 Rs level.
PenindPenind
Cup & Handle on Weakly Time frame !
*for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered
WATCH OUT FOR CHANNEL BREAKOUT pennar industries has been trading in channel /range since september..
can give a channel breakout above 32.15 shorterm
target 36
SL 29.90
Swing Trade - Long Opportunity Pennar IndustriesCup and Handle on weekly charts
CMP - 37
Target - 42/49
SL - 29
High Volumes
Pls follow Proper Risk management
PENNAR INDUSTRIESHI.. Traders..
PENNAR INDUSTRIES is at good level . Recently stock has brocken channel pattern upside with high volume it may continue.....
Pennar Ind multiple patternPennar Ind has multiple emerging patterns on the chart and at any time it will gain momentum
Pennar Industries Currently the stock trades at 51% discount to its January 2018 high of Rs79.45. One can accumulate this stock with a stop loss of Rs.30
Watch Pennar IndIt always take a support at 20MA so when the red candle hit red line there might be chance of bounce back.....also it is in an uptrend
Penind LongPenind Long
Stock is at 200 week EMA
Wait for weekly closing above 30
Buy above- 30
SL- 27
Target- 36, 39
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Pennar Industires - Weekly Chart - #Pricebreakout #volumebreakouPennar Industires - Weekly Chart - #Pricebreakout #volumebreakout
CMP 21.7
Buy for Target 31- 39- 48- 60- 72+
Add more if get @16-17
SL below 10
OPEN TARGET STOCK AVAILABLE AS A RISKY BUY. Pen Ind at trend line support and can be risky buy with open target. SL can be 14.8/13.8 as per your comfort.
Bullish Gartley Formation in PENNAR INDUSTRIESAll details mentioned on chart. Feel free to suggest corrections
Pennar Industries -Short Term Trend BullishPennar is closing on moving averages with good volume. Good for long at from 62.30.
trying to understand the patternIn 3 month chart here, is it reverse head and shoulder or double top pattern emerging?
