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
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
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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.
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.
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.
PRSMJOHNSN buyHere is my analysis for the chart. I am waiting for a tapp into the FVG lower to make it into a mitigated gap after liquidity has been taken. Over there I am waiting for a bullish closing candle on the one hour time frame to give confirmation for a chance to entry. No buy sell reco NSE:PRSMJOHNSN
Base formation in Progress.
New Base forming up and Volumes building up.
Price action wise looking good .
All the best.
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Prism Johnson Ltd. Already Breakout And Above All EMAPrism Johnson Ltd. Already Breakout And Above All EMA
Buy Zone : 172-182
Stop Loss : 152
Target : 199-230
Holding Time : 1-2 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
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.
💥Prism Johnson💥-Nice Breakout💥Prism Johnson💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -139-141
Breakout Price -139
Stoploss-120
Targets-172-233
RT for max reach
#prismjohnson #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews #SwingTrading #BREAKOUTSTOCKS
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