PeninSula LandPrice previously tried breakout at 75 But gave failed BO
Now Price following good support at Monthly and Quarterly basis around 50-52 with stoploss 45 on WCB
#Disc-Not a Sebi Registered Analyst
PENINLAND trade ideas
PENINLAND - Long Setup, Move is ON..NSE:PENINLAND
✅ #PENINLAND trading above Resistance of 40
✅ Next Resistance is at 68
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Peninsula Land Ltd - Cup with handle patternThe "Cup with Handle" pattern is a bullish continuation chart pattern that signals a potential continuation of an uptrend after a period of consolidation. When observed in Peninsula Land's stock chart, this pattern indicates the possibility of further price increases. Cup with handle pattern formation complete in 4 months
Key Characteristics:
Cup Shape: The pattern starts with a rounded "U"-shaped bottom, resembling a teacup. This indicates a period of consolidation where the price declines slightly, then gradually recovers to approximately the same level as before the decline.
Handle Formation: After the cup is formed, a smaller consolidation or slight pullback occurs, forming the "handle." This handle often slopes downward slightly, indicating a brief pause before the next move upward.
Breakout Point: The breakout occurs when the price moves above the resistance level formed by the highs on either side of the cup.
Implications for Peninsula Land:
Market Sentiment: The cup with handle pattern indicates a period of accumulation and investor confidence, suggesting that the stock is likely to continue its upward trajectory after the handle formation.
Entry Point: Traders often consider entering a long position once the price breaks out above the handle's resistance level 75, confirming the pattern.
Target Price:
Long above 75
SL below 63
Target 1 92, 100 and 120
Peninsula land - 50% return targetThis stock has given breakout of Weekly MACD and Magic indicators on Weekly chart. If close above 77 in this week we will see 59% return from this price. Watch this out. All leading indicators are showing bullish
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 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Pennant Breakout in PENINLAND
BUY TODAY SELL TOMORROW for 5%
Amazing swing trading idea for 9 May MarketsI daily make educational content videos for swing / positional trading
Peninsula Land LtdPENINSULA LAND LTD.
Buy cmp 58.5
Stoploss 49
Target 68,75
This stock has made a bottom at 48 and is likely to test its previous high around 70 levels
Can be bought with tight Stoploss
Peninsula Land set to achieve 65 after breakoutPeninsula Land set to achieve 65 after breakout on a daily basis
SL 46
Long term call in PENINLAND @ 34Long term buy call position can be taken from CMP and add on deeps at 27 keep SL 24(Weekly )
Peninsula Land close to its significant supportPeninsula Land can be bought at CMP of 18.75 with minimum target of 21.5 and higher. Stop loss can be placed at 18. The stock had run recently with high volumes and made a high of 23.5. However, during the correction the volumes were low. This indicates that the stock has more chances to go higher than lower.
PENINLAND LONG (PENINSULA LAND)Price makes lower low while RSI and MACD have showed a divergence with super trend confirming the trend.
Bouncing back from the supportIt has touched its 200SMA and coming back . Watchout for this stock as the CCI too shows a confirmation
