CuriousChartist

PRAKASH PIPES - Awaiting Breakout !

Lång
CuriousChartist Uppdaterad   
NSE:PPL   PRAKASH PIPES LTD
Self Explanatory Chart.
A rising wedge which contains a consolidation (retest) after a breakout from round bottom / inverted head and shoulders formation.
Handel aktiv:
This stock formed 3 doji candles and ended last week with a red candle indicating weakness.
However, despite a weak index opening today, it closed positively.

If the strength continues , it would cross 140 for the desired targets, however if in doubt raise the stop loss to 130-134.
Kommentera:
TARGET 3 ACHIEVED AGAIN

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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