DON'T HAVE TIME TO MANAGE YOUR TRADES? | Resistance Breakout PGIL
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that...
the stock from last year July its been on a trending spree now it has created a new all-time high with volume also creating a Darvas box which can be considered for short to medium trend trade with proper risk to reward
There was a trend reversal. But it broke that trend line and has gone for consolidation.
Right now it's near support which seems a good buy.
And if there is a breakout from consolidation then we can expect a Bolinder Band blast.
For education purposes only.
#PGIL #Chart #Investment
*Under Retest zone after BO on WTF
*Making Higher Lows on WTF
*Good Volumes
*205 will act as major support.
*Should retest 257/283 in coming weeks.
Stock looking superb on weekly chart and its also break some important resistance like 170 level and 190 level but close below 190, So as per chart a buy position can be incite at the 172-186 level with stop 168-170 level with target of 210/240/new high,
* Remember its low volume stock so do not put stop loss or target order.
* maximum 2%-5% investment of your capital.
The stock seems to be breaking out of a good range and could see further strength coming in the coming period! High beta stock hence stop loss adherence is advised!
Pearl Global Industries Ltd. is a holding company, which engages in the manufacture, design, sourcing, and exporting of ready-made garments. Its product range includes knits, woven, and bottoms across men, women, and kids wear. The firm operates through following geographical segments: Bangladesh, Hong Kong, India, and Others. The company was founded on December 7, 1987 and is headquartered in Gurgaon, India.
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