PRESTIGE trade ideas
BULLISH PREDICTION in February Good company with strong fundamentals, all other stock in realty sectors have performed well, but prestige was on a type of bearish, if it crosses this converging channel it will go up with high bullish momentum. also, good q3 result is ahead, do watch and buy more from this level
Prestige estates - Price should reach 350Price following a simple trend which moves the price higher and higher on each fall as shown in the picture. This time price breaches the trend and made a Lower Low and again moves up as per the trend.
Since price breaks the actual trend one should wait for the price to reach 350 and decide.
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KEEP AN EYE ON PRESTIGE ESTATES Looks good in this range.
Above 270.55 it may test 284/300
SL 258
Let's see what happen....
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Prestige Estate Projects Ltd. Trading Idea Triangle breakout with 3x volumes on breakout day and followed by good volumes as well. Deliverable volumes have been consistently high. The breakout happened a few days earlier, and the price is retesting the breakout level. Risk-reward for T1 is over 2.5 and about 5 for T2.
Buy : 265-268
T1 : 295
T2 : 322
Stoploss : 256
Will update this idea as the month goes.
Thanks!
Prestige Estates - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
There seems to be a bullish engulfing pattern at 21 EMA. 21 EMA above 55 EMA and both sloping upwards signifies uptrend. Bullish engulfing is supported by good rising volume. RSI above 60 indicates bullish momentum too.