PNCINFRA trade ideas
PNC INFRA - UPWARDPNC INFRA HAS A DOJI FORMED YESTERDAY.
GO LONG FOR TARGET OF 220 / 240 IN THE COMING DAYS, ONCE IT IS TRADING ABOVE 210.
IF IT BREAKS 196 LVL, THEN IT CAN GO DOWN TO 175 LVLS.
AS ICHIMOKU CHART IS BULLISH AND PRICE HAD COME BACK ROM 220, IT IS ANALYSED THAT IT WILL HAVE UPWARD MOVEMENT.
PNC infra: Rounding bottom (reversal)+breakoutAlthough, Not 100% perfect pattern as the low of the rounding bottom should resemble a “V” bottom,however the trend has been validated by trend period which took several weeks to form and volume increase at the beginning/end with low volume movement during trend formation
The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias and has now breakout and advanced with volume rise
MACD also showing the way
Enter above 173 post confirmation
Aiming short term for price target as defined.
