Kalyani Steels RSI breaking outGood weekly close would be nice. 972 above will head to the final target. Final leg.Longby narayklnUpdated 1
Kalyani steels - Is this the end of wave 2?Let's assess the maximum drawdown this stock has given in the past from its ATH 24.10% since oct '23 - twice. 39.5 to 44.53% between 2021-2023 - 3 to 4 times Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick reversal pattern. Recent drawdown is 24% twice. I assume this is the end of wave 2. 1st wave till Jan 12 '24 (1st swing high after consolidation) Wave 1 to 2 - Jan 12 - Jan 24 '24 - pullback Wave 2 to 3 - Big wave Jan 24 till now Wave 3 to 4 - Pullback. Based on fall history. Let's assume 24%. Drew fib from Wave 2 to 3 to predict. 61.8% fib level comes around 24% fall from ATH which is 685. So from there, final 5th wave could come I guess..If momentum is so high, maybe it could reverse even at 50% fib level ~725.by narayklnUpdated 2
Kalyani Steels - Greedy theoryCup holder is a bullish pattern. Cup height is the usual target & it could even rise above that. Since KSL was listed, it has formed 6Y base & it rose around 145% from breakout. Did Fib retracement for the recent handle from top to bottom. Now another 6Y has broken out & so far reached 80% which is fib level 261.8% of the handle top to bottom. If I project to 145% from breakout, price target would be around 1200 and also the 461.8% fib level. Pivot projects to around 1179.5....with an intermediate target at 990. Look at the RSI(34) in weekly chart. Red rectangle is the resistance. Hitting for the 3rd time. Reversal could happen now or in weeks. RSI should be on fire to achieve that by breaking that resistance I guess. Whenever support/resistance repeatedly tested, it either makes or breaks.by narayklnUpdated 4
Kalyani steels is roaringWhat a buying pressure in Kalyani Steels. Daily chart volume rocks. ATH. It's on the path. Longby narayklnUpdated 9
Kalyani Steels Limited - Long Setup, Move is ON...#KSL trading above Resistance of 702 Next Resistance is at 1079 Support is at 469 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohli444
Kalyani Steels Limited - Long Setup, Move is ON...#KSL trading above Resistance of 571 Next Resistance is at 702 Support is at 427 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohliUpdated 115
Kalyani SteelNow trading in uncharted teritory Today has given fresh range breakout Relative strength positive RSI above 60 Trading above all EMAs Undervalued company Looking good for positional Longby Ajaygw881
KSL - Weekly Chart Analysis, CMP-600After along base of almost two and half years the stock breakout with good volumes. Retested the previous resistance (413-469) which acted as a support. Formed abase of 16 weeks of 25.5% range and it breakout of it too with good volumes. Volumes were dried during the base formation and stock is now above all its key moving averages. Now 530 shall act an initial support whereas 413-469 will still remain the strong support in the future until it breaks. 650 - 800 - 1239 are the levels it can test over the long term. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk. Longby marketmoneymohmaya1
Clear Breakoutafter breaking previous trend its sustaining above the trend, now we can new ATH soon.Longby Marketik3
KSL - KALYANI STEEL - 6 Year Cup and Handle BreakoutKSL or KALYANI STEEL has done a massive 6 Year Cup and Handle Breakout. It then retested the level and brokeout again with highest volumes. High RSI.Longby pchere4
KALYANI STEELS TARGET 598 STOP LOSS 464Kalyani steels a good uptrend in weekly and day consolidation breakouts with bullish engulfing. Target 598Longby ganeshkrupa2
Kalyani SteelsKalyani Steels. Fundamentally Good small cap company with good dividend yield in steel industry. 6Y base formation. Cup and handle pattern. Monthly breakout. Daily breakout retest completed. Disclosure: Holding and increased position.Longby naraykln3
CUP Break in KSLCup Break on KSL stock since 2017 Resolution Point - 470 Entry - 488 Stop Loss - 461 PS : Only for education purpose. Not a stock tip.Longby vij09213
KSLKSL Buy above 482 SL below 441 Targets: 520/540/568/611/620/644 + **For Educational Purpose only** Longby TraderKalyanB4
Given weekly cup and handle breakoutThe stock has closed above it's ATH yesterday. Buy above 482 and carry on weekly closing basis only for positional 5-7% move. Learn & Earn, Dr. Tanya KumarLongby tanya1511811116
Kalyani SteelsKalyani Steels Cup & Handle Breakout. Disclaimer: Please note that the stock chart idea provided is for informational purposes only and not intended as financial advice Longby naraykln223
KSL - Ichimoku BreakoutStock Name - Kalyani Steels Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 445 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis. Longby nikunjbhadja0
Kalyani SteelsKalyani Steels breaking out cup and handle pattern Disclaimer: Please note that the stock chart idea provided is for informational purposes only and not intended as financial adviceLongby naraykln0
Kalyani steel- Volume breakoutKalyani steel can move towards 390-400 levels as the stock has broken out of downtrend with volumes. RS has also turned positive. Longby Chartworld1Updated 1
IS kalyani Steel breaking the resistance line?Looks like kalyani steel trying to break the resistance line. good for long. Note: This is only for educational purpose, not any recommendations.Longby Nileshblr2007Updated 0
KSL TRIAGLE BREAKOUTKSL FUNDAMENTAL GOOD ITS ALMOST AT SUPPORT LEVEL ITS ALSO BREAK TRIANGLE KSL BUY : 299 TARGET : 330 DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.Longby YesvSpeedyStock331
KSL - 45% RETURNS!!!BUY - KALYANI STEELS LTD CMP - Rs. 292 Target - 1: Rs. 241 Target - 2: Rs. 161 . . Technicals - 1) Bearish Harmonic Pattern. 2) Targets set using Fibonacci Retracements. . . Follow me for more!Shortby nilakshgupta1
Triangle pattern BreakoutPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purposeLongby Breakout-IdeasUpdated 1