Buy Panamapet for a target of 385 in 1 month
Stop loss of daily close below 325
Though 1 month time frame has been given, I'm personally expecting it to hit the target in a week or two max
Do your due analysis before entering
PANAMA PETROCHEM is in consolidation and RSI is showing a reversal with trend shift. Any move above this green zone will lead to another 52Wk high.
ENTER only if you can accumulate for sometime.
Weekend Pick 3: PanamaPet
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Healthy Reserves vs debt free. FII - DII stake significantly increased.
Technicals : Bullish, moving in an inclined wedge.
R 1: 375
R 2: 420
R 3: 475, above that 550 possible
S : 290
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Dear Traders ,
This scrip has been chosen for short Term Pick as it is expected to give Resistance Breakout in the Coming days . So Traders keep on your radar to catch the Momentum. Thanks to All .
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 90% of the stocks give most of the movement in just 1-2 days and...
Swing 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❤.
Panama 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 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 Name - Panama Petrochem Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 360
#This is not Buy and Sell recommendation to any one. This is for...
