PNCInfra is looking ready for a good monthly breakout.
Levels mentioned on chart.
Decent fundamental stocks, can be held for long term considering infra story of India
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
PNC INFRA
CMP : 463
Best : 450-455
Support : 430
Bullish engulfing candle formed on daily TF.
RSI at 64, which indicates strength.
Volumes picked up.
Stock closed above 10, 21, 40 EMA.
Please do your own analysis or consult your advisor.
NO BUY / SELL RECO.
PNC Infratech is forming a C&H pattern and presents a great opportunity for an entry here. Fundamentally also the stock is good. One may enter the stock on a confirmed Breakout and a weekly close in the Green. An entry before that may not yield desired results. keep it on radar.
While It can be visible from its all-time high to now, a cup and handle with a deeper cup is formed on the PNC Infratech chart. It is giving a sense of bullish momentum.
I have combined charts of Godrej Consumer Products with it as when you see its chart as individual, you will see both these charts seem similar in pattern. As it has happened with Godrej Consumer...
NSE: PNCINFRA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 17%...
the stock made a beautiful pattern good consolidation at 7trading days making higher low do not miss keep an eye above 356 any query pls comment pls support us for my hard working
NOTE: only for educational purpose
⚡️FIIs increased stake
⚡️ATH Breakout expected
⚡️400% return since Mar 20 low
⚡️2 Years Long Base
⚡️Ascending Triangle Pattern
⚡Double Doji near support
🔴 SL 310
🟡 CMP 326
🟢 TGT 359/408/489
📊 DETAILS
Sector: Construction - Infrastructure
Mkt Cap: 9,647 cr
PNC Infratech Limited was incorporated on 9th August 1999 as PNC Construction Company Private Limited. The Company was converted into a limited company in 2001 and was renamed PNC Infratech limited in 2007. PNC Infratech Limited is one of the front-ending infrastructure development,...
BUY - PNC INFRATECH
CMP - Rs. 349
Target - 1: Rs. 430
Target - 2: Rs. 495
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Timeframe - 4-8 months
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Technicals - Bullish Symmetrical Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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PNCINFRA:- Consolidation is happening in a range, if we get a breakout, we can see a strong movement to the upside.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
✅ #PNCINFRA trading above Resistance of 349
✅ Next Resistance is at 392
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or...
