PSPPROJECT trade ideas
7 Years Multiyear Breakout @ PSPPROJECT7 Years #Multiyear #Breakout in #PSPPROJECT (PSP Projects Ltd). #PSPPROJECT is #Outperformed #Nifty in current scenario.
BSE: 540544. / NSE : PSPPROJECT
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward, downward, or sideways on the chart.
Types of Channels
A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other. Generally speaking, there are three types:-
1. Channels that are angled up are called ascending channels.
2.Channels that are angled down are descending channels. Ascending and descending channels are also called trend channels because the price is moving more dominantly in one direction.
3.Channels in which the trendlines are horizontal are called horizontal channels, trading ranges, or rectangles.
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NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
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DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
PSP Project - Ichimoku Breakout Stock Name - PSP Projects LTD
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 CMP
and more bullishness will be visible after it cross 662
#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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Target 3 achieved in Psp Project | 18% MoverThis idea is a follow-up to Pspprojects
You can check the Link to Related Ideas
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor
Target 1 and 2 achieved in Psp Project | 10% Mover This idea is a follow-up to Pspprojects
You can check the Link to Related Ideas
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
PSP PROJECTS BULLISH POSITIONAL TRADEPSP PROJECTS POSITIONAL TRADE.
PSP Projects Ltd, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 1836.90 Crore) operating in Construction sector.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 559.37 Crore, up 13.08 % from last quarter Total Income of Rs 494.69 Crore and up 10.91 % from last year same quarter Total Income of Rs 504.36 Crore. Company reported net profit after tax of Rs 54.83 Crore in latest quarter.
CMP RS 528
STOPLOSS RS 500
STRONG DEMAND ZONE RS 450-500 ZONE.
SUPPLY/RESITANCE AT RS 600-650 ZONE.
Triangle pattern formation.Chance of breakout? Lets Observe.A triangle pattern formation is observed. Have to wait and see if the breakout happens.
.A resistance is observed in the weekly timeframe.
.Without proper risk management (i.e position sizing and stuff), trading might scare your account balance.
Potential breakout opportunity in PSP Projects Ltd.The stock is forming a beautiful Descending Pattern on a 4hr TF.
I see a approx 1:3 RR in this stock upon breakout.
Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry.
This stock is a must in the watchlist as on a weekly TF also its forming a pattern which can have a breakout simultaneously.