Panchamahal risky but a must buy Long

PANCHMAHAL STEEL LTD.BSE

Description

⋅ Jul 9, 2017 3:01 PM

CUP and Handle Breakout on Weekly chart.

Huge increase in volumes in recent past.

Must Buy, Target Huge

Small target 80/100

But I feel this can go till 150 and more

SL on weekly close below 40

Trade active

⋅ Oct 17, 2017 2:59 AM

Recommended at near 60, Came down till 45 as expected(Neckline Support)
Now at 77.

Keep an eye :0)

Comments

Singh_Siddz

⋅ Oct 17, 2017 3:00 AM

Recommended at near 60, Came down till 45 as expected(Neckline Support)
Now at 77.

Keep an eye :0)

Yp2303

⋅ Jul 10, 2017 3:32 AM

Yes good observation 50 is right entry lvl if neckline is retested before a strong upmove

Singh_Siddz

⋅ Jul 10, 2017 5:00 AM

@Yp2303, Yes agree

MaheshVakharia

⋅ Jul 9, 2017 4:46 PM

Excellent Pick.