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 trade ideas
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%
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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.
Wyckoff Distribution in the Quartz multibagger of the futureThe bottom target was calculated from the PnF analysis...
This is a revision to previous pokarna idea with wyckoff method
Previous idea on pokarna
Disclaimer... Not an investing /trading recommendation
Not invested, tracking fundamentals, interested to bottomfish
Pokarna - Elliott WavePokarna is correcting in ABC sub waves of outer degree wave 2. Also forming AB=CD harmonic pattern. Potential reversal should be between 145 and 165. Then wave 3 will start. That will take the price past all-time high.
