PCBL Incorporated in 1960, PCBL Ltd manufactures and sells carbon black and also does sale of power
trading ask always brief disciption so i copy co disciption
rest all should understand where it shows in this down market
concentrate on stock
PCBL trade ideas
buyThe stock gave good range breakout on friday with huge volumes. took support from 20 DEMA. good for swing trade with first target 285 and then 300.
PCBL a good small cap.There are two possibilities for this stock.
1. Stock can have a trade breakout around 153 and if this comes out true breakout then stock can jump up to 15% to 35% upside direction i.e., 175 to 206.
2. Possibility two suggests that this stock is having swing movement shown by parallel channel in graph, having swing trade moments since April 2021.
The most possibility is of number 2, stock is just having its swing trade moments.
Pcbl Ltd breakoutBuy pcbl Ltd
For the target of rs 320
For tip
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1.positional trade
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PCBLAfter long time Break out done in PCBL.
142/155 SUPPORT ZONE.
WE SEEN 188/202/233/266/299+
VIEW INVALID BELOW 121
NOTE: ALL VIEWS ARE EDUCATION PURPOSE ONLY.
PCBL a good buy around these levelsA copy book sysmetrical triangle is attempting a breakout to trade in blue sky zone towards 175-80 in next 3-6months. Any opportunity in correction around 128-32 levels is a buying opportunity.
Consolidation in RSI also bottoming out with rising volumes signifies accumulation. Ease in raw material prices and good sentiments in auto sector making this auto ancillary rubber stock a good buy at given levels.
PCBL consolidation breakoutHi,
PCBL has consolidated for almost 1.5 years now in a range after a nice 4 bagger upmove since covid lows in 2020.
First target is calculated considering height of the box which comes to 200 levels.
2nd and 3rd target as per Fibonacci extension comes to 308 and 414 levels.
Stop loss below 110 levels.
The moving averages( trend lines on daily and weekly are nicely aligned indicating a strong move ahead )
The volume is also rising with rise in stock price.
On daily , weekly and monthly ADX is above 20 indicating that stock is ready to give a strong move.
Relative strength is also indicating stock is in strong hands and nice accumulation is done :)
Happy trading!
PCBLhas begun commercial production at the first phase of its 147,000 MT greenfield carbon black manufacturing facility in Tamil Nadu, India.
The first phase has a production capacity of 63,000 MT, according to a Friday filing. The facility is being set up by wholly-owned subsidiary PCBL (TN).
#PCBL long swing tradeNSE:PCBL
Go for long after breakout of trendline.
entry above 134.5
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trade on your own risk, follow RISK MANAGEMNT
education purpose only.
PCBL - Sustaining in ATH Zone even though volume has droppedPrice holding in 90-125 zone
This is after High volume markup from 25 to 125
Plan
- Consider to Buy near current price
- and/ or Rejections near 90 or even 50
PCBL @138.6 BullishPCBL has made fantastic Cup and handle formation on weekly charts and on daily can see inverted H&S pattern.
look for the stock as per fibo levels can move upto 167, 200 in short to medium term.
volumes are stable.
RSI above 60
can go long
Disclaimer: its not a recommendation just for educational purpose.
Classic Chart Pattern.PCBL gave a breakout from symmetrical triangle, wait for retracement to take long position.
Proxy Play for auto Industry!PCBL is a proxy play for auto upmove
Stock consolidating near life high areas !
a high probability counter to get dobled up with a horizon of not less than 2 years
