Pricol Ltd – Bearish on 1D Time FramePricol Ltd - Symmetrical Triangle Breakdown giving us a potential short trade.
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PRICOL - Bullish Swing ReversalNSE: PRICOL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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PRICOLLTED LONG SETUP - SHORT SWING TRADEStock is in uptrend on 1hr TF making HH & HL. Stock broke above its resistance zone and now retesting it. Stock also made double bottom pattern as indicated by red arrows. Daily RSI is also above 50 which is bullish territory (according to me). Stock is good buy at 193 level with SL around 187-187.5 for a Target of 204 and above. Good risk to reward trade.
Disclaimer: I am not SEBI registered.