POKARNAPokarna last cl @ 1259.25 yet tgt upside pending 1300-1369 nice budget pick
Nice simple straight silent move stock no much ho halla
POKARNA trade ideas
POKARNA LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
POKARNA Weekend Picks 30 to 50% upside potentialhi in this weekend we pick POKARNA, this stock after a consolidation gives a breakout and also retest done, so from here, we assume it can go from 30 to 50% within couple of month.
Pokarna may blast tomorrowNSE:POKARNA has shown strong momentum with a breakout above key resistance levels. Currently trading at ₹1,223.55, with a 9.8% breakout target in sight.
- Breakout from a consolidation range with strong bullish candles.
- Significant volume spike supporting the breakout.
- Resistance: ₹1,353.80
- Support: ₹1,195.45, ₹1,149.38
Trade Setup:
- Entry: ₹1,225-1,230 (near CMP or on dips).
- Stop-Loss: ₹1,190 (below support).
- Targets:
- Target 1: ₹1,353.80
- Target 2: ₹1,420
Risk Management: Position size accordingly, as markets can be volatile.
POKARNA cmp around 810.stock trading near all time high and best swing trading level. Add to wachlist and find best risk and reward.
Pokarna - Wave 4 in Progress and possible for 1000+ Target Pokarna - After breaking ATH with good volume, it looks like a breakout retest possible (wave 4).. eventually it might head towards 1000+ levels..FII holding is 5%
#BREAKOUTSTOCKS #investing #StockMarket
PokarnaLooks Good on WEEKLY TIME FRAME,
Sharing my swing setup of this trade
*Just for educational and bactesting Purpose.
In Process of H&S Formation.Watch Out for Stock levels near 430. if reverse from those level, will be good sign for stock price.
My Estimation is that its in the process of forming H&S pattern.
If broken above resistance range, can be good bet for 1 ka 2.
POKARNA - Parallel Channel patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
Pokarna01/09/2023
Pokarna
CMP:578.05
Target: 680-750-800
SL:560
Information is only for study purpose
Pokarna ltd Pokarna ltd.. After correction H&S under formation. Add some qty at CMP 403 with stoploss of 350(wcb) and add more once cross neckline 450-460 for the target: 600/750/850
POKARNA LTDPOKARNA LTD (1D)
CMP 408.40
Inverted Head and Shoulder pattern completed
Stock is taken support at previous Resistance
Stock price is moving in a range
Once the Breakout is done stock can give good upside move in short term
Pokarna may push aheadPokarna Ltd. is renowned for its for its quality, uniqueness, design and variation in Granite business. They have a strong presence in 23 countries and robust distribution network in which more than 80% of revenue comes from USA. The company is the largest manufacturer and exporter of quartz surface.
Pokarna CMP is 413. Negative aspect of the company is declining net cash flow. Positive aspects of the company are low debt, FIIs are increasing stake and zero promoter pledge.
Entry after closing above 437. Target of the call will be 449 and 461. Long term targets in the stock will be 483 and 504. Stop loss in the stock should be maintained at closing below 381.
Pokarna Ltd.Pokarna ltd.
Downward Price Trend Broken with Strong Upside.
Monthly Basis making Higher High
Need 7% to BreakOut Monthly Price Trendline
Trail SL. Book Profit as per Risk Appetite.
Do Your Own Research As well.
Happy Investing :)
POKARNA Breakout & retest structure here.
We have volume confirmation as well.
Go long with a SL of last swing low.
PokarnaChannel pattern bullish breck out.
Sl 450 daily candle closing basis.
Target 600.
1:2 risk reward.
Pokarna looking good for medium to long term investmentClear uptrend, fundamentally strong position, increasing volumes, could soon be on its way to price discovery. Not a short term trade, invest with a deep stop loss.
