Prism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity. Reasons are listed below: Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside...
There are three bullish confluences that you can see on this chart. 1.According to Elliot wave model the stock is taking off in wave III of 3. 2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.) 3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.)) The stock can give a swift...
Go long for prism Johnson forming inverse head and shoulder with rsi support buy on dips for the target of 250-255 holding period 1/1.5 years
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA. Risk Reward Ratio - 1:1 SL is placed below multiple major support zones and target is place near upper trendline & based on fundamental valuation.