The stock can move 6 to 30 % from current prices keep stop loss of 1030 on day close basis
Another stock with great showing supports near the bottom of the trend channel along with sound fundamentals.
PUNJABCHEM WEEKLY TIMEFRAME Note Please leave comments for any query. Disclaimer This is my trading experience, it is not an invite or recommendation to trade. Best Wishes PRABHUMAYAKANNAN
#PUNJABCHEM weekly timeframe Note Please leave comments for any query. Disclaimer This is my trading experience, it is not an invite or recommendation to trade. Best Wishes PRABHUMAYAKANNAN
Punjabchem positional buy Tgt: 1600 Sl : 880 Buy At CMP
Looking really good for a reversal rally towards 1600-2000-2500 First target is expected to be reached with very few hiccups as the sector itself is moving quote nicely. Monthly candle has given a convincing Breakout of the important Gann levels and bullish flagout bouncing back from the key levels(1/1 Gann Fann angle zone) Monthly Macd crossover being done and...
see the weekly volume bar, big players buying this stock soon it will cross 2000, so buy every dip
TARGETS AND STOPLOSS IN CHART Market Cap ₹ 1,114 Cr. Current Price ₹ 908 Stock P/E 18.2 Book Value ₹ 229 Dividend Yield 0.32 % ROCE 30.9 % ROE 24.2 % Face Value ₹ 10.0 Promoter holding 39.2 % EPS last year ₹ 49.8 EPS latest quarter ₹ 2.61 Debt ₹ 94.0 Cr. Pledged percentage 0.00 % Net CF ₹ 0.32 Cr. Price to Cash Flow 19.2 Free Cash Flow ₹ 22.1...
Price follow a 10 years channel and higher high formation in weekly chart .
Punjab chem trendline breakout All details are mentioned in chart
strong trend line breakout on daily chart , stock can see positive upside in short run
Hi there, The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only