PNC: UP Infra Tiger17x PER
1 year share perf 45%
amazing Story
technically as soon as it crosses 338, next stop is 450 !!
PNCINFRA
PNC Infratech Ltd Trend AnalysisBroader look shows Head and shoulder pattern formed as highlighted in the chart.
As per the pattern, there is more downside possibility.
The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE.
Other technical aspects are as follows:
1. Current pattern shows a BEAR FLAG as highlighted.
2. Even though there was a huge pump today, unfortunately price closed below the red trendline resistance.
3. Strong divergence with RSI.
Some of the fundamental aspects are as follows:
1. Increasing trend of borrowing, current Debt/Equity is 1.35 which is concerning.
2. Expecting lower Net Profit than previous year due to reduced OPM% and increased expenses due to increasing interest.
All these factors are in confluence for a strong downside.
Do your own due diligence before placing any trade.
Thank me later!!
Peace.....
PNC INFRATECHPNC Infratech is moving in a downward channel . invest when it break trend line . whitin that time use this graph and sell before it touches the top of channel and buy in low of channel , but always after seeing a support
PNC Infratech is super bullish Inverse h&S on PNC Infratech. Breakout of this will be super huge.
Note: This is for educational purpose, please invest your money based on your research.
