Volatilty compression is visible in prakash industries, stock to breakout soon for target above 200+ in very short term.
A closure above 203 is needed to continue this journey, good upmove can be seen.
PRAKASH is perfect example of cup and handle. huge consolidation at 190 range past 2 months. buy @ 202-210. target 300-400. big target for subscribers
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Monthly breakout in Prakash Industries. Can enter in small quantities.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis) Please consider these ideas for educational purposes.
Prakash industry on a monthly timeframe give a strong breakout but back to back green candle wait for pullback candle
Such a Beautiful Chart Nice Volume on Green Candle Monthly, Weekly, Daily RSI above 60
At a strong support zone now and looks good to make an upward rally as the RSI and MACD indicators suggest. SL -63
stock is in very stock momentum for a few weeks and found a symmetrical triangle on weekly
Short term, cup n handle formation, a close above 63 may take it to 72 in short term which is also a rounding bottom completion.
Inside bar candle formed in daily chart and stock successfully gave breakout
To maintain the rising channel, it needs to breakout the triangle shown in the chart, if it fails it will leave the channel and go bearish. Very important juncture.
Hi As per the analysis, we can see prakash industries has given a breakout. It has gone above last month high of 77.20 and currently trading at 80.45. it tested the lows of 19 around 3 times till date. As of now its above Rsi - 50. Macd is positive Potential for the upside is huge. We can keep a SL of 67 and wait for the target of 130 and above that 230
Good setup has been created and given a breakout of the Trendline so good entry time to trade #swing #positinal
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