Swing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Big candle breakout in NSE:PITTIENG
If stock crosses 350 this week, we can see an immediate upside upto Rs.500.
Investor can hold for a clear target of 1000Rs.
The idea shared is only for educational Purpose.
Already Cup and handle pattern broken in Pittieng and breakout candle is supported with Volume. Retested 300 range (Major support) and formed Harami candle in that support range in a daily time frame. It can reach till 380 range. In 1 hour chart also it looks bullish and do your own analysis before investing.
PITTI ENGG
Stock after breaking it s Resistance Zone again retraced and now again at Support Zone which is previously its Resistance
So if price sustain at this levels,
Can be buy for targets of 10-20% with SL of 294 on Daily closing basis
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Continuation Inverted Head & Shoulder Chart pattern act as a continuation of #trend .
But a small concern for me is the distance between Price and 200DMA .
The stock has strong institutional support Heavy institutional buying over the past 13 weeks
Earnings Per Share Rating indicates great yearly and recent period earnings growth for Pitti Engineering.
Today, Pitii engineering stock closed 11.29% up on greater volume than the 50-day average. A leading stock that moves up in heavy volume is often sending a signal...
After a series of breakout retests and a bit of consolidation Pitti Engineering is again showing strength and has broken out.
Long at CMP to catch fresh Momentum
The SL here would be deep so allocate no more than 5% of your pf. (10% SL)
The stock currently trading at all time high ..the stock been consolidated in rectangle box for 3months and presently out from the range ...previous resistance acting as support ...
