mdparmar23

RS Masterblaster

Long
NSE:KEC   KEC INTERNATIONAL
77 views
1
RSI history of KEC is very reliable. If look at monthly chart up move started from low of 23-24 in 2012 and made high near 440 in Feb 2018. After that correction started and made low of 154 and at there its formed bullish reversal pattern of hammer on monthly time frame. Also correction halted at 0.618 fib level of 183 0n closing basis. Now breakout above 350 weekly close with formation inverted H & S pattern which is also reversal pattern. So its logical target is First near 440 and then 560.
Trade closed: target reached: target reached, next target T-680-700