KALYANIFRG - Weekly Chart Analysis
Updated
After forming a base of 3 years and breaking out of it forming another base of 41 Weeks of 30% range.
In the past few weeks good strength is seen with good volumes. The stock moved almost 40%+ in just two weeks.
What i would look for is small pause and then continue its move. Still 416 levels is to be watched for. A good contraction before this move is a good sign that indicates strength.
As per the fib based trend 459 - 560 - 690 levels are the levels that can be tested in future if it sustains above the supply zone. (308-375) and if it manages to close below this then this view stands invalid.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
In the past few weeks good strength is seen with good volumes. The stock moved almost 40%+ in just two weeks.
What i would look for is small pause and then continue its move. Still 416 levels is to be watched for. A good contraction before this move is a good sign that indicates strength.
As per the fib based trend 459 - 560 - 690 levels are the levels that can be tested in future if it sustains above the supply zone. (308-375) and if it manages to close below this then this view stands invalid.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Comment
Target 1st & 2nd done in 3 weeks 404 —>561, ~39% gains
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