DAILY SWING CALL // Wednesday 14th of July 2021 NSE:PRAKASH
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 80.95
TARGET: 93+ (15% Around)
STOP LOSS: 73...
Prakash industries is a cyclical stock with prices swinging from 10x from the lowest price to falling again by 90% from the highest price. The stock is in constant momentum after pandemic crash/correction in markets. Looking at volume and correlating it with historical data, the chances of stock staying bullish are more than the chances of it being bearish. Also,...
A VERY IMPORTANT SHARE FOR MEDIUM-TERM PERSPECTIVE. HAS GIVEN A BREAKOUT FROM A VERY IMPORTANT RESISTANCE LEVEL. VOLUMES HAVE BEEN GOOD. RSI BULLISH. ONCE 15 MIN CANDLE CLOSES ABOVE 103 TARGETS OF 115 CAN BE SEEN EASILY. KEEP ON YOUR RADAR. STOP LOSS-93
Prakash Industries Ltd. engages in the businesses of mining, wind power, and steel and power generation. The company was founded by Basu Dev Agarwal on July 31, 1980 and is headquartered in New Delhi, India.