Asset: Pearl Global Industries (PGIL)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for PGIL.
50 EMA...
#PGIL trading above Resistance of 1101
Next Resistance is at 1603
Support is at 812
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
Global Industries Limited (#PGIL)
-It is a garment exporter.
-Market Cap₹ 2,464 Cr.
ROCE 19.2%
InstHold 6.08%
-Growth 3 Years :-
Sales 23%
PAT 77%
-Bluesky Breakout into Strength.
In the Weekly Chart of PGIL ,
we can see that; it has given Trendline breakout.
Enter on retest at 650-652 with SL as 610.
Expected momentum is shown in chart.
trade setup-
counter trendline with pole and flag pattern or consolidation near counter trendline
There are four touches which is enough for validation of a counter trendline to trade whenever there is breakout.
If you see at second time touch (6 april to 29 april) , there is pole and pattern but it failed to breakout.
Now, 4th time touch to counter line & gave...
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.
