PRICOL has given a break out from long term downtrend as well as short term consolidation.
Also it cleared 200 EMA on daily timeframe and near term resistance with huge volume.
It might retrace a little bit for good entry opportunities but has 2 major resistance areas at the levels of 44-48.
Buy PRICOLLTD CMP 106 at the levels of 100 or below till 95. Crucial support as well as fibonacci level stands at the levels of 100.
92 shall be maintained as day closing basis Stop Loss.
Positional targets are 112, 120 and 135. Consider it a mid term trade/investment.
It has given a breakout out of the sloping trendline with good volumes, RSI is also trending up. Next target 97. SL 81. I am a novice at charting. This chart is only for educational purpose and views and opinions are welcome
