Looks good on weekly and daily charts.
1.Has formed flag pattern
2. Tested first Fib Support
3. Pullback testing was done with less than average volumes.
Personally will add in parts till 700 levels.
Will add final qty above weekly close of 910
Long term holding stock. May not reward within a day, week, month or year.
Fundamentally also good, no...
Pix Transmissions Looking good on chart
TGT 1 - 860 ,TGT 2 - 930
SL - 760
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or...
After almost 2.5 months of consolidation and failing to breakout multiple times PIX will try to breakout again this week.
Will look to enter this in 2 phases..
Long above 850 and then again above 905.
Coz the first entry SL will be slightly deep to give it a chance to perform will keep the allocation small (4-5%)
PixTrans formed Bullish Channel Pattern. So, we can expect the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
Chances for Long is high and short is low in my opinion.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
MEDIUM TO LONG TERM IDEA..
PIX Transmissions Ltd. is the leading manufacturer of Belts and related mechanical Power Transmission products.
Its peer APCOTEX is trading at 32 PE while this is at 13.5 PE..
Results are coming superb every quarter .. Debts have reduced continuously from past years.
Promoters have increased stake in past 3 quarters.
There are 2...