KEC INTERNATIONAL, LONG, T1-330, T2-350, STOPLOSS-290
Share is moving in a channel ,making higher highs and higher lows(with comparatively very less volume). This indicates that Share is moving in uptrend (In monthly graph ,it can be seen that Primary Trend of the share is Uptrend).
While making latest Higher high and Higher low,share has formed Flag Pattern with Fibonacci retracement of 0.618. After this formation, Share price will rise and it will make new high now. (As share has formed Hammer Pattern followed by Doji at the end of Flag which indicates upcoming uptrend). RSI is also supporting price rise.
Share is also very good for long term investment purpose .
While making latest Higher high and Higher low,share has formed Flag Pattern with Fibonacci retracement of 0.618. After this formation, Share price will rise and it will make new high now. (As share has formed Hammer Pattern followed by Doji at the end of Flag which indicates upcoming uptrend). RSI is also supporting price rise.
Share is also very good for long term investment purpose .
Trade closed: stop reached