PANAMAPETRO | breakout tradingStock has given breakout from sidewise moment and chances are likely to hit all time high in next upcoming weeks
2.29%
0USD
28.345MUSD
273.602MUSD
22.11M
About PanPetro GDR
Sector
Industry
CEO
Amin Amirali Rayani
Website
Headquarters
Mumbai
Employees (FY)
250
Founded
1982
ISIN
US6982941055
Panama Petrochem Ltd. engages in the manufacture of specialty petroleum products for diverse user industries like printing, textiles, rubber, pharmaceuticals, cosmetics, power, and other industrial oil. Its products include liquid paraffin oil, petroleum jelly, transformer oil, ink and coating oils, rubber process oil, automotive oils, drilling fluids, and waxes. It operates through the Within India and Outside India segments. The company was founded by Amirali Essabhai Rayani on March 9, 1982 and is headquartered in Mumbai, India.
Trying to get back to its zone 🤔support and resistance
swing trading idea
not a recommendation
trend analysis
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that
Swing trade.... 1DSwing trade.... Breakout of box.... Upside move possible for 20% to 100% .
Do you're analysis before entry, take advice from your Fanicial advisor.
Thank you❤.
Buy PANAMA PETROBuy #PANAMAPETRO
@316 sl 280 trg 365-390-420
Break out on Daily & Weekly chart
RSI 75+
Today’s volume is higher than whole previous weeks volume
Panama Petroleum - LongPanama petroleum - Fundamentally Sound stock
Moving in a channel
Bottom of the channel - Formed 'W' pattern in Day's Candle.
Can enter at 300 .
with an SL of below 268 on DCB and Target > 400 .
1:3
PANAMAPET 1DLook at the beautiful support trade opportunity follow support for more trading opportunity.
PANAMAPET BEARISHPANAMAPET Closing 297.9 with stoploss 310 then targets are 235.
Selling Closing
1 --> Price Break the all EMA.
2 --> RSI is break the Level 40.
3 --> ADX is Show the Bearish move and -DMI is Rise.
4 --> Volume is less and show the Breakdown level.
Stock Is at its breakout and retest. Can give good opportunity.Gave a flat base breakout and at its retest point if it sustains above neckline and EMA it is a candidate of good swing opportunity. Keep in Radar.
Panama petrochemical for short term Please note this is for education purpose only.please do own research before you take a trade
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