ponnierodebounced from demand zone , could expect good up move from here expected targets are 340 and 380.
PONNIERODE trade ideas
Ponnie Sugar: Sustaining above weekly gap upPonnie sugar is showing good price action from last 3-4 weeks. Price is sustaining above from weekly gap up also. Keep on radar. Seems it may test all time high soon if remains above weekly gap.
Ponni Sugar (Erode): BreakoutNSE:PONNIERODE shows a high volume breakout above the Gann Box.
Volume is super.
After the earnings, the stock was trading higher, was consolidating and now ready to breakout.
Trade:
PONNIERODE - Ichimoku Bullish Breakout Stock Name - Ponni Sugars (erode) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 292
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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ponnieerode - ponnie sugars erode expected behaviouponnie sugars erode expected behaviour, this is for educational purpose only
Ponnierode - Flag patternPonnierode has formed Cup and handle pattern along with bull Flag. The target(T1) will be high of the flag.
