A Commodity Chemicals stock to watch for upcoming sessions..
Hi Traders !!!!
A commodity Chemicals stocks will be on my watchlist for upside potential of around 21%. The CMP is around 274.55. The current chart pattern is making an inverted head and shoulder pattern and price is just around the neckline. A price movement above 278 and sustaining it in hourly candle will confirm the upside protentional. The multiple EMA is merging at this level which also indicates that price trend is towards upside.
The RSI is 61.9 which also suggests that bullish momentum is there and not in the overbought condition and has enough room to move upwards. Buy above 278 for the target of 337. The stop loss will be 250.
The Stock name is PCBLhttps://www.tradingview.com/x/V0MfpR5k/
A commodity Chemicals stocks will be on my watchlist for upside potential of around 21%. The CMP is around 274.55. The current chart pattern is making an inverted head and shoulder pattern and price is just around the neckline. A price movement above 278 and sustaining it in hourly candle will confirm the upside protentional. The multiple EMA is merging at this level which also indicates that price trend is towards upside.
The RSI is 61.9 which also suggests that bullish momentum is there and not in the overbought condition and has enough room to move upwards. Buy above 278 for the target of 337. The stop loss will be 250.
The Stock name is PCBLhttps://www.tradingview.com/x/V0MfpR5k/
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