Breakout in PUNJABCHEM to go longReason to Enter in this Trade:
1. Took support at long term Up trendline.
2. Breakout from Ascending Triangle.
3. Good Volume today during breakout.
Entry : 1480
Stoploss: 1330
First Target: 1620
Second Target: 1760
About Myself:
Currently working as Project Manager in private company and tradin
Key stats
Market capitalization
10.896BINR
Dividends yield (FY)
0.34%
Price to earnings Ratio (TTM)
14.15
Basic EPS (TTM)
63.00INR
About PUNJAB CHEMICALS AND CROP PROT
ISIN
INE277B01014
Sector
Process Industries
Industry
Chemicals: Agricultural
Website
punjabchemicals.com
CEO
Vinod Kumar Gupta
Headquarters
Mumbai
Employees
1.213K
Founded
1975
Punjab Chemicals & Crop Protection Ltd. engages in the manufacture of agro chemicals, specialty chemicals, and bulk drugs and its intermediates. It operates through the following business units: Agro and Basic Chemicals, Specialty and Other Chemicals, Industrial Chemicals, and International Trading. Its products include pharma API, pharma intermediates, fine chemicals, basic chemicals and industrial chemicals, and phosphorus derivatives and phosphates. The company was founded on November 19, 1975 and is headquartered in Mumbai, India.
DAILY SWING CALL //Thursday 8th of April 2021 / PUNJABCHEMDAILY SWING CALL //Thursday 8th of April 2021 /
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CM
Agro Sector AnalysisSeems to be in Range consolidation Since October 2020.
4Months of continuous IB on M TF with constant fight between Bulls and Bears.
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