Introduction:
As the stock market wizard and ghost writer, I have been analyzing PNCINFRA, a stock listed on NSE, which is currently trading at Rs.413.55. In this blog, I will share my analysis and insights on the potential bullish opportunity in this stock.
Fibonacci Retracement:
The fibonacci retracement analysis reveals that PNCINFRA has the potential to...
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
PNC Infratech Limited provides infrastructure implementation solutions that include engineering, procurement, and construction ("EPC") services on a fixed-sum turnkey basis as well as on an item rate basis.
Entry Point 321 - Target 380 with SL 300
Market Cap
₹ 8,135 Cr.
Current Price
₹ 317
Stock P/E
11.6
Book Value
₹ 155
Dividend Yield
0.16 %
ROCE
15.3...
Broader look shows Head and shoulder pattern formed as highlighted in the chart.
As per the pattern, there is more downside possibility.
The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE.
Other technical aspects are as follows:
1. Current pattern shows a BEAR FLAG as highlighted.
2. Even though there was a huge pump today,...
broken channel with good volume
trading above 200 EMA
Buy between 260 -290
SL 250
Tgt 314 - 344 - 388
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before invest.
PNC Infratech is moving in a downward channel . invest when it break trend line . whitin that time use this graph and sell before it touches the top of channel and buy in low of channel , but always after seeing a support
