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PRSMJOHNSN trade ideas

Prism Johnson Ltd: Major Resistance Breakout with Strong Bullish📊 Prism Johnson Ltd - Technical View 🔍 Daily Timeframe: Resistance Trendline Breakout 🚀 Huge Bullish Green Candle with significant volume 📈 📅 Monthly Timeframe: Breakout of a long-term Resistance Trendline (since 2008) with massive volume 📊 📈 Indicators: MACD: Buy Signal ✅ Oscillators: Buy Signal ✅ 📉 Key Levels: Stoploss : 190 Target 1 : 235 Target 2 : 245 Target 3 : 285 Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades." #StockMarket #TechnicalAnalysis #Breakout #Bullish #PrismJohnson #Trading
NLong
by Amankuckreja
2
SWING IDEA - PRISM JOHNSONPrism Johnson , a key player in the building materials sector, is showing promising technical indicators that suggest a potential swing trade opportunity. Reasons are listed below: Break of Cup and Handle Pattern : The stock has broken out of a cup and handle pattern, which is a bullish continuation signal, indicating the potential for further upside movement. Support at Crucial Zone of 150-160 : The stock is taking strong support around the 150-160 zone, a critical area that has previously acted as a strong support level. Bullish Engulfing on Weekly Timeframe : A bullish engulfing candle on the weekly chart adds to the bullish sentiment, signaling a strong reversal from the support zone. Double Bottom Pattern on Weekly : The formation of a double bottom pattern on the weekly timeframe further strengthens the bullish case, indicating a potential reversal from a major support area. 50 EMA Support on Weekly Timeframe : The stock is currently supported by the 50 EMA on the weekly chart, indicating that the long-term trend is intact. Target - 199 // 220 // 250 Stoploss - weekly close below 142 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NLong
by Visionary_Growth_Insights
Positional Trade Strategy for Prism Johnson: Entry Point: Enter the trade near the current price level of 191 INR or on any minor pullback close to this breakout level. Stop Loss: Place a stop loss below the breakout level to protect against a false breakout. A safe stop loss could be around 180 INR, considering the previous support and resistance levels. Target Price: First Target: 210 INR - This level is a conservative target based on the previous peaks on the chart. Second Target: 230 INR - This is a more aggressive target, considering the potential momentum from the breakout. Time Horizon: This is a positional trade, so the expected holding period is from a few weeks to a few months, depending on the price action. Volume Confirmation: The breakout has occurred with high volume (as indicated on the chart), which adds strength to the breakout. Monitor volume on pullbacks to ensure the breakout holds strong. Risk Management: Ensure that the position size is appropriate for your risk tolerance, keeping in mind the defined stop loss level. This strategy is based on the technical breakout pattern visible in the chart, and you should adjust it based on your personal risk tolerance and investment goals.
NLong
by RajputAmarjit
1
Positional Trade Strategy for Prism Johnson: Entry Point: Enter the trade near the current price level of 191 INR or on any minor pullback close to this breakout level. Stop Loss: Place a stop loss below the breakout level to protect against a false breakout. A safe stop loss could be around 180 INR, considering the previous support and resistance levels. Target Price: First Target: 210 INR - This level is a conservative target based on the previous peaks on the chart. Second Target: 230 INR - This is a more aggressive target, considering the potential momentum from the breakout. Time Horizon: This is a positional trade, so the expected holding period is from a few weeks to a few months, depending on the price action. Volume Confirmation: The breakout has occurred with high volume (as indicated on the chart), which adds strength to the breakout. Monitor volume on pullbacks to ensure the breakout holds strong. Risk Management: Ensure that the position size is appropriate for your risk tolerance, keeping in mind the defined stop loss level. This strategy is based on the technical breakout pattern visible in the chart, and you should adjust it based on your personal risk tolerance and investment goals.
NLong
by RajputAmarjit
PRSMJOHNSN*PRSMJOHNSN* Good for Holding around 9 Months ..... Current Price at *180.40* ......... Keep SL at *170.50* .... (On Closing Basis ... Means ... Daily Candle closed Below *170.50* )….. After Close Crossing *192.70* …. Trail SL to *184.95* Targets are Shown on Chart in Greens .. Expansion. The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24. Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25. Growth Cement revenue grew by 6.8% YoY to ₹ 748 Crores in Q3 FY24 led by strong growth in cement & clinker sales volume. Cement & clinker sales volume grew by 8.8% YoY to 1.49 million tons; Share of premium cement maintained at 33% in Q3 FY24. EBITDA per ton increased by 167.1% YoY to ₹ 787 per ton due lower fuel cost and higher clinker production and inventory.
NLong
by iism-ExpertTrading
2
Break-out on cards and 18% rally for PRISM JOHNSON?There are three bullish confluences that you can see on this chart. 1.According to Elliot wave model the stock is taking off in wave III of 3. 2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.) 3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.)) The stock can give a swift move once it decisively closes above 150 mark. Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
NLong
by neeraj_2_sharma
PRISM JOHNSON LIMITED ( EDUCATIONAL PURPOSE ONLY) There is no guarantee in stock market and Nothing over week Always Invest or trade according to your loss bearing capacity STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY) PRISM JOHNSON LTD. with target of RS 125 CMP IS RS114.10 STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 105 Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom. M B PANDEY Student of Share Market since 2015 B.Sc. (MATHS & PHYSICS) Disclaimer: I AM NOT SEBI REGISTERED
NLong
by vinayaka79