the stock is continuously at uptrend and is above the bullish support line (yellow line)
Currently the price is retracing, wait for full retracement and then buy
Punjabchem giving a nice Breakout on weekly charts abv 224 and having a small resistance at 235 above that it will fly to 300 within short period of time.
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
