One of those stocks which didn't fall on friday in the midcap collapse.
Long above 5400 for a fresh breakout.
The result sshould be in line and future growth prospects are huge.
I would keep a deeper SL here of 5000 coz i think this stock has a long way to go still.
POWERMECH looks good above 2410 for 8-Mar.
One should wait for initial 20-25 mins for market to settle before taking any entry in this cash stock.
If after initial market settle & price is still around 2410-2420, it should be good for entry.
Use risk management as cash stocks are volatile.
Thanks
Piyush Gupta
Learn & Earn
#PowerMech
CMP:2262 @ 30 November 2022
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature.I am doing this only to understand how to read chart and technicals. Strictly for educational purposes only.
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...
NSE:POWERMECH
#NSE:POWERMECH formed beautiful rounding bottom and trading @ Major Resistance.
Sustainability with volume support may show very good momentum for short to medium.
Levels marked on chart.
You can reach me in any possible way for your doubts on this chart.
buy 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...
NSE:POWERMECH
#NSE:POWERMECH BO 8month old TL and registered strong volume.
Sustainability may show good upside momentum, potential levels marked on chart for practice.
Happy LEarning !!
Looks good on charts. Can keep holding till it is above 750.
Disclaimer - Chart posted only for learning purpose. Please do your own analysis before initiating any trade.
Powermech Long (31 Jan)
RSI- 48
2 Hammer candles at previous support
Buy at CMP- 948
SL- 895
Target- 1024, 1080
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