[Premium] Trade Of The Week

JC Parets
June 26, 2021

This week we're looking for a long setup in the Financial Services sector. Slowly, we're seeing a resolution in trend in the names that we've been tracking. And this is one of them.

Piramal Enterprises has had a good few weeks. In the lead-up to that, we also have a breakout! The price has broken out of a two-year base in a very clean fashion! The indicator too is supportive of this move as it remains comfortable in the bullish momentum zone.

With that in place, this stock is bullish in the weeks ahead as long as it holds on to those high levels.

We are bullish above the risk management level of 2,275, with a target near 3,310.

Sectors are moving in and out of strong rotation. From the looks of it, the Financial Services are picking up pace. What remains to be seen is if this trend continues.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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