PUNJAB CHEM&CROP NSE:​PUNJABCHEM

This stock has not corrected much with very tight price action. Sales and EPS growth are quite strong.

PUNJABCHEM

trade conventional chart pattern

cup n handle break out -keep long

As seen Punjab Chem has formed an inverse head and shoulder pattern on the daily charts. Aggressive traders can enter (closing basis) on the breakout of the neckline with volumes. Conservative traders can enter when price retests the breakout level. Expected Levels: 280, 300, 340 Exit Levels : 165