Timely Compression in PNGJL - May Blast SoonNSE:PNGJL
This chart is like a spring being compressed. Buyers are making higher lows, sellers are blocking at 640–700. Once sellers lose grip above 700, stock can accelerate fast toward 825+. Risk is limited below 590.
✍ Entry:
Aggressive entry → current levels 615–620 (anticipating breakout).
Safer entry → above 640 breakout with strong volume.
🚩 Stop-Loss:
Logical SL: 590 (below rising trendline).
Conservative SL: 570 (below swing support).
🎯 Targets:
Target 1 → 660
Target 2 → 700 (trendline breakout level)
Target 3 → 825 (major resistance and chart-projected move)
💡 Pyramiding Strategy:
1. First lot near 618 (anticipation entry).
2. Add more above 640 breakout with volume, trail SL to 600.
3. Add final lot above 700 breakout, trail SL to 640.
Ride till 825 as the extended target.
