Good Structure Enter when Breakout and Retest done.
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Pennar Industries Ltd (PENIND) is a diversified engineering company with a strong presence in the solar module mounting, railway projects, storage solutions, hydraulic cylinders, and auto components segments. The company has a long and successful track record, and it is well-positioned for future growth.
Key Financial Highlights
Face Value: ₹5.00
ROE:...
Pennar Industries
Chart Pattern - Rounding Bottom
Time frame - Weekly
Stop Loss (As per Chart) - Near 80 rs
Target Upside (Using fibonnaci from high of consolidation of A) -
T1- 146.4
T2 - 174.3
T3 - 188.10
This chart is only for educational Purpose. Do your own study before taking any trades
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
Please note that, if there are some big targets, those are drawn...
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.
🛡PENIND
💠Stock Trading above 20 & 50 EMA
💠Stock making Big Base with higher volume
💠 Stock structure is Uptrend
💠 Breakout Level 80 Support 75
💠 RR Favorable for going long
♻️ Retweet for max reach
Pennar Industries: (Long)
Possibility for a long setup in Pennar while it price tests and reverses at the support zone.
Note: Do your own due diligence before taking any action.
NSE:PENIND
Double top formation on monthly chart
if the stock has breakout with 80 > 82 on next closing month
target : 150.50 with stop loss 49.80
holding period : more then 1 .5 year ( 20 month approx.)
risk reward : 1:3 (as per suggested target or sl) above 150.50 stock has been multi bagger
CMP 80.05 | Strong Momentum | Increasing profits every quarter for the past 2 quarters | FII / FPI or Institutions increasing their shareholding | New 52 week high
*Not recommendation
Multi-product company manufacturing CR tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems
Script : PENIND
Nifty50 Stock: NO
Sector : ENGINEERING/MANUFECTURING
PE Value : 13
Results :
Net Sales at Rs 699.98 crore in June 2022 up 43.35% from Rs. 488.31 crore in June 2021.
Quarterly Net Profit at Rs. 14.08 crore in June 2022 up 119.31% from Rs. 6.42 crore in June 2021.
EBITDA stands at Rs. 56.05 crore in June 2022 up 39.85% from Rs. 40.08 crore in...
CMP 46.20...MOVING TO COMPLETE CNH PATTERN... SUSTAINABLE BREAKOUT ABOVE 47 MAY GIVE FUEL TO THE FIRE... BEST BUY 35-45,,,WCBSL 30...TGT COULD BE 62/80+++
I m not sebi regt analyst or advisor.
Post is only for an educational purpose.
Do ur own diligence or check with ur financial advisor before taking any position.
