Swing Trade in Punj Lloyd Explained

Stock : Punj Lloyd

CMP : Rs 304.85

Here is an intresting Swing Trade from Punj Lloyd which shows the positive movement

3 day 15 min charts shows that stock has further uptrend above the recent swing high

306.85. And the current swing low is 304.85 as show in the below. Also the stock trades

above 20 period EMA and the rising RSI shows signals a bullish call in this stock.

So a good trade can be initiated if the stock crosses above the recent swing high 306.85 for a target of

311 and 315 with stoploss anywhere below the recent swing low 304.85

Happy Trading!!!

Regards,

Rajandran R

Author – Marketcalls

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