#PALREDTEC #breakoutcandidate #vcppattern #swingtrade #momentumtrade
PALREDTEC : Holding Period 1-3 Months
>> Breakout Candidate
>> Beautiful VCP pattern
>> Volumes Building up
>> Good Strength in stock
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it....
PALREDTEC:Likely Double bottom b/out.Has formed a double bottom breakout in long term weekly charts.Shows possibilities for a breakout above 210 towards 230-/240/250 (For educational purpose only)
Trendline is broken and retracement is also completed.
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Entry: 162
target: 178 - 211
stoploss: 150 - 143
major stoploss/ support: 143
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smallcap stocks are going to boom.
long term investment; min 30 % return
huge potential is there.
investment ;
if you are interested in investment, go for it with small risk,
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. more than that " PALRED TECH ., "is...
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF PALREDTECH :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
Formed C&H pattern and is very bullish. Anyway most of the IT stocks are on bullish move including this. In near term it may touch the given targets. Hold it tight.
This stock is on the verge of breaking out its previous high and going for a All time high level.
Chart pattern is quiet like a rounding bottom / somewhat inverted Head and Shoulders,
what ever the pattern is, but the point is this stock price is breaking above its consolidation zone.
Such stocks may give multi-fold returns in less than half of the time of its...
Stock has given breakout from C&H pattern on weekly chart with good volumes and also made new ATH.
Longs can be considered at cmp or any retracement till 200-205 levels, with SL 180 on weekly CB for target of 300+ (30% from cmp) in short to medium term.
Company has NII's as majority stake holders along with FII's.
Kindly do your analysis before initiating trade.
Pros :
Technical: Clear cup and handle break out, BO confirms volume.
Fundamental: Sales increased almost 150%, PAT, Net profit, ROE increased YoY.
Cons :
Debt on equity increased but < 1.
Current Ratio and Quick Ratio also decreased but > 1.
Note :
Chance are very less for pull back so need to do splitting capital allocation. (For example current level 30%,...
Good volume breakout
Horizontal resistance breakout
Good size green candle
Ascending triangle pattern
Levels mentioned in charts
Only for educational purpose
Palred has broken out of a long consolidation
kind of rounding bottom / cup and handle formation breakout
Volume also good.
It may give mutiple times target, although first targetting a the height of the cup.
Buy PALRED technologies for a swing trade of 8-10%
above 130
for the target of 145
Disclaimer: This is just for education purpose. Consult your financial advisor before investing.
