|Buy Range||290 – 299|
|Target||315 – 320|
|Duration||15 – 20 Trading Sessions|
|Potential Return^||5 – 7%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|299.3||BUY||290 – 299||315 – 320||277||15 – 20 Trading Sessions||5 – 7%|
# CMP on June 17, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 307.
^ The returns are calculated based on CMP#
PDS Multinational Fashions limited, together its subsidaries designs, develops, sources, manufactures, markets and distributesvarious readymade garments and other consumer products worldwide. The company offers various apparels for men, women, lids and babies and have showrooms across USA, Cnada, UK, Spain, Germany, Hong KoNG, Australia and Other countries.
|Sectoral Index||NIFTY 500|
TECHNICAL OBSERVATIONS (WEEKLY)
- The strong upmove during previous weak trade has resulted in a decisive breakout from a descending triangle pattern. Upside breakout from triangular consolidation pattern signals continuation of Uptrend.
TECHNICAL OBSERVATIONS (DAILY)
- We are also witnessing the formation of ‘Higher Highs Higher Lows’, which is a positive sign as per ‘Dow Theory’.
- ADX and +DI crossing above 20 and continuously rising indicates buying momentum and probable further rise.