PUNJABCHEM - Multifactor Breakout

1. PUNJABCHEM has given long term Trend Line breakout.
2. It has been consolidating around 1020-1050 for last 6-7 days.
3. 1050 is long term support/resistance as well.

Intraday
Entry around 1053-1055
SL - 1024-26
Target - 1080, 1098

Swing
Entry above 1060 (hourly close)
SL - 940 (day closing)
Target - 1150, 1200, 1300

Kindly follow risk management. I will prefer it for Intraday as capital is blocked in other trades

Thanks
Piyush Gupta
Learn & Earn

Nota

Intraday target was reached same day. Rather it moved beyond Target 2

Swing Target 2 (1200) is reached on 23-Aug.
15% move so far

study-learning-on-Price-Action

All studies for for learning purpose only.
These are not trade recommendations

Not responsible for any profit or loss

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

study-learning-on-Price-Action

All studies for for learning purpose only.
These are not trade recommendations

Not responsible for any profit or loss