Realty sector is booming with most of large cap stocks already crossing its ATH levels.
Purvankara projects is one of the best trade in realty sector which can give you 2x returns from here.
Stock had given volume breakout and has retested its breakout last week.
If we see a continuation move from here, big targets can be expected.
Please note that realty sector...
Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.
Puravankara Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 353) in short term
5) Recommendation - ...
📈 Stock Name - Puravankara Projects Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 295.
🚨Disclaimer: This is not a Buy or Sell...
The monthly chart of Puravankara Ltd is looking beautiful. The rise in volume and the formation of a rounding bottom is just perfect. 75% holding by promoter and 16% by FII.
Logic:
1. Top-down approach: Construction sector in uptrend
2. Stock holding above RSI 60 level.
3. Stock will confirm the uptrend if it gaps up tomorrow (23/1/24) and sustains above 244
(22/1/24)
Atharva Dhokte
This is the analysis of PURVA in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the 2 YEARS HIGH with volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels...
Puravankara Projects Limited (CMP: 182.45) has given a multi-year and weekly breakout. The stock has a possible upside of 215, 274, and 332 in the long run. Also, good volume can be seen on the weekly and monthly charts. One can place a stop loss of 158 (W) on a closing basis. 167-170 Can act as a support zone. #Puravankara Projects Limited.
Disclaimer: I am not...
Stock: PURAVANKARA, stock making a VERY BIG rounding bottom, and going towards a multiyear breakout. Volume in upside are increasing. Nearest big resistance at 182. Only for long term as stock already moved a lot.
The stock has broken out on the weekly charts and is consolidating before a big move . One can look to buy on CMP or add on dips till the levels of 120-125 with a stop loss below 105 on weekly closing basis for targets of 160-170-200 on a positional basis.
The real estate sector is in focus so with that in mind it looks good.
NOTE: NOT SEBI REGISTERED. THIS IS...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
PURAVANKARA - Rounding bootom Pattern TF 15 years. BO level was 165. Closing confirmed at Weekly TF. Can give good move in coming weeks and months. Use dips to be invested.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus...
