PPL - Prakash Pipes Ltd - Uptrend - Long1. Double Bottom at Demand Zone
2. 50 EMA support
3. Volume Spike
4. ADX - shows Trend Strength buildup
Prakashind
Prakash Industries - BreakOut PointHi
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
PRAKASH POSITIONAL VIEW IN SHORT TERM #PRAKASH IND
BUY PRAKASH IND @ 80 ADD MORE 72
STOP LOSS - 61 CLBS
TGT - 100 120 140 160 +++++
Looks Like low risk High reward investment opportunityPrakash Industries weekly chart looks attractive with low risk and high profit potential opportunity.
Although we see promoters pledged their stake, one can take a risky bet and look at this stock for long term investment.
Prakash Industries: Positional View on day chartsTrading in Channel.
Downward momentum reducing gradually, which is good thing.
Demand Zone near 140-150.
Shouldn't break Min. support, if at all, max. support.
RSI Breakout can keep in watch.
A positive breakout of Upper trend line from Demand zone is VERY bullish.
Immediate support @165, closing below this level, we can see the stock heading to demand zone.
