Keep an eye on PIOC

Pioneer Cement Limited (PIOC) look at this monthly time frame, it is one of those few stocks that broke their previous high (160).

Printed new high 185.

In weekly time frame its market structure is not changed. It is only taking correction so can continue the trend.  All I am saying is keep an eye 150 to 148 or 144.

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It will consolidate and give us breakout of upside.

Still, the company has not announced the board meeting date. And in result day might give a divided of 10% to 15%. The cement sector is generally known for capital gains only.

In daily time try to accumulate it from 150 ~ 148 area.

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Trend change or (SL) would be considered at 139 Daily closing base level.

Sell half and hold half is a good idea.

Securing profit should be priority on level wise 158- 163 – 167 – 170 – 175.

Ultimate target 220 for future. If it breaks the level of 185 level.

Disclaimer

Always take trade with your own risk appetite.

Before taking any trade do your own research first.

Financial markets are inherently risky; education is key to earning.

For more queries you can contact me on my instagram page Simplemarket11

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →