Mid Term Trade
Rising Wedge Breakout in PENNAR IND.
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- Debtor days have improved from 72.2 to 45.8 days.
- Company's working capital requirements have reduced from 94.1 days to 62.5 days
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 102-105
Target Price 121
Note:- I am not SEBI Registered This Trade is only educational Purpose
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10-15% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- Debtor days have improved from 72.2 to 45.8 days.
- Company's working capital requirements have reduced from 94.1 days to 62.5 days
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 102-105
Target Price 121
Note:- I am not SEBI Registered This Trade is only educational Purpose
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