Technical Analysis:
Uptrend Formation: The consistent higher highs and higher lows demonstrate a well-defined uptrend, indicating strong bullish sentiment.
SMA Support: The recent price movements have shown significant support around the Simple Moving Averages (SMA), particularly the 50 SMA. This adds an extra layer of confidence to the overall bullish...
-It is engaged in the manufacturing of Electrical Steel Laminations,Motor Cores,Sub-Assemblies,DieCast Rotors,Press Tools & machining of metal components.
-Market Cap 2219 Cr
ROCE 18.2%
Institutional Stake 5.64%
-Growth 3 Years
Sales 28%
PAT 21%
-Breakout with volume
1.Pittieng has broke the trendline with good volume
2.RSI in position to rally
Gap up possible foe BTST trade
Keep the chart simple ...Let your chart speaks
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
Pitti engineering on the chart looks good and may touch 490 levels, BO of this channel can further push this to +550 levels.
Volumes on weekly TF look strong too, William alligator shows an uptrend. The net volume also shows an uptrend.
Not a trade recommendation, personally holding this
BUY - PITTI ENGINEERING
CMP - Rs. 420
Target - 1: Rs. 522
Target - 2: Rs. 655
SL - 346
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Timeframe - 6-12 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Chart -> Pitti Eng Daily
After big consolidation of 9 months, the stock is looking strong for some good momentum.
CMP: 327
Good Range: 310 to 320
Target: 345, 375
SL: 304 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
All detail for chat. good entry at mark price only. and must stoploss is 283 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
