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POWER MECH PROJECTS LIMITED

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POWERMECH trade ideas

Power Mech Project Ltd: Charging Up the Charts Like a Supernova! Technical Analysis: Breakout: Holy circuit breaker, Batman! Power Mech just blasted through its resistance like a bull in a china shop full of lightbulbs! Rectangle Pattern: After months of playing ping-pong between support and resistance, this stock finally decided to stop teasing and make its move. Volume: Volume accumulation suggests traders are piling in faster than teenagers at an all-you-can-eat buffet. Trend: The uptrend is so strong, it could probably bench press its own market cap. Support: Previous resistance at 5,532.25 now likely to act as support. It's like the floor and ceiling just switched roles in this stock market dance! Fundamental Factors: Power sector seeing increased activity. Power Mech is lighting up portfolios brighter than a Christmas tree on steroids. Potential new project wins or order book growth could be fueling this electric rally. Risks: After such a powerful surge, a pullback is possible. Even rockets need to catch their breath sometimes! Keep an eye on broader market sentiment and sector-specific news. Trade Idea: Consider long positions with a stop loss below the breakout level. Target the psychological 6,000 level - let's see if Power Mech can join the 6K club! Remember, traders, timing is everything in the market. You don't want to be the last one to show up at this high-voltage party! Key Levels to Watch: New support (old resistance): 5,532.25 Next psychological resistance: 6,000.00 Stop loss consideration: Below 5,400.00 Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market is like a rollercoaster powered by Power Mech - thrilling, but it helps to have a strong stomach and know when to exit!
NSE:POWERMECHLong
by TRADING-NASA
4 Years Multiyear Breakout in POWERMECH 4 Years #Multiyear #Breakout in #POWERMECH (Power Mech Projects Ltd). Its #Outperformed #Nifty. What Is a Bullish Flag? Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse and are known as bear flags and pennants. Bull flags typically begin to surface in conjunction with a new market rally. KEY TAKEAWAYS :- A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole). A bullish flag appears like an upright flag on a price chart, with a rectangular price pattern marking the flag itself. The tighter the flag, the better the signal is said to be. ONLY FOR #educational NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF) #nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength DISCLAIMER: I am not a SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:POWERMECHLong
by Usemerr
1
watch for 4 years old resistance breakoutbuy above 1100 for intraday and swing for swing keep stoploss below breakout candle low day closing basis . if low is very near than use previous day candle low for positional can add in dips till 900 and stoploss below 800 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:POWERMECHLong
by stockkar
1