PODDARMENT - Short term
looking good, so keep it on your radar to catch the momentum
Buy above 371 | Tgt 381, 390 | Sl 359
It is my view, to trade on your own analysis.
Poddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here.
*DISCLAIMER*
This analysis is only for educational...
poddar pigments breakout on daily chart and sustain above trendline of triangle pattern formation positional looks good target short time 50 to 100 points upside possible 300 good support zone.. cmp 364 more add near 340 first target 390 second target 420++
Mid Term Investing Setup
Zig-Zag HH & HL (Trend Bullish)
Breakout Confirmation with DMI
Price is above 20EMA (Monthly, Weekly , Daily)
Entry near BO level or 1% before Re-test level.
359 Acting as a confirm Support Level. 311 Stop Loss on a closing basis.
Do Remember - Nothing guaranteed & Nothing Overnight !!
CMP- 407
SL- 299 (closing)
Target - Open
(Enter the stock near 360-320 by pyramiding on every dips)
25/7/21
Good stable fundament stock, almost debt free.
- Stock has made a HH, HL market structure, more clearly visible on daily charts
- Resistance was broken with huge VOL surge and made a decent weekly candle
- Above all moving average on D and excellent...
PODDARMENT: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 360
If fail to Sustaining Above 360 then will try to Create Cup & Handle Pattern
This scrip has given trendline Breakout and it is expected to give some 15-25% short term returns in the coming days. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏
Poddar Pigments belongs to the Industry of Dyes & Pigments.
Fundamentally sound Company with no debts.
All analysis on charts
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