Entry-Above BoS level (DCB)
Risk taker enter at CMP
Levels-Given on chart
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
Trading in the same channel since 2008 took the support of the same channel multiple times, 200 is the watch-out level, and Breakout can give a good move. # Manage your Risk # For Learning purpose only
Only for journaling not for the trading.
This post is for my personal use.
i will enter in the stock after trendline breakout or above 162.
With stop loss 146
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
PRAKASH INDUSTRIES-Last 4 months forming higher highs and still looks bullish.likely rounding bottom break out pattern indicates likely to test 250+ with 165-70 sl.
(For educational purpose only)
Prakash Industries Ltd is engaged in the production of ferro steel and generation of power. Growth in net profit with a decent profit margin shows its bright prospects. Stock is now at its 52week high and recovered very well from its 52week low. It's has broken it's multiyear resistance trend line. Eventhough the higher promoter pledging percentage is a great...
Prakash Industries triangle pattern formation on daily TF as well as on weekly TF. Here I'm posting only the daily TF chart. Soon to be breakout share, keep in watchlist. Breakout above 75 and stop loss will be around 50. Trade for 1:2 Target.
Prakash ind. -
breakout of 4yrs cup pattern.
Rsi-RS- +DMI-Adx are positive..fundamental are very positive
Looking like a multi bagger...
Buy near 108 or above 125
Sl 98
Tgt 137 to 250 for atleast hold for 3-12 months.
Disclaimer - this pure a learning purpose and not advise to buy. I am holding from 98 level and add tranche at 111
stock has given weekly breakout, RSI is also above 60 in Weekly time frame, can give good move once it crosses 72, Add small quantity initially and then can be added on based on the move of the price.
POSTED ONLY FOR EDUCATION PURPOSE TRADE AT YOUR OWN RISK.
I will buy it at ratio chart support line. Not near breakout point. As per my understanding current breakout if happens then it will be late stage breakout where higher chances of getting stopped out
prakash is luking some juicy
Buying above 66.90 on dclbs
Target 72 78
SL below 65 on dclbs.
no recommendation for buying or selling just for educational purpose.
Prakash Industries good chance to capture 10-15% move. Showing good momentum.
Entry - 55.70 (wait for little dip if possible)
Target 1 - 59.85
Target 2 - 64.40
SL- 51.45
Study the stock & Trade responsibility
