raavigeorgian

Kalyani Investment - 2yr Breakout / 1yr channel breakout

Long
NSE:KICL   KALYANI INVESTMENT
Suggested by @monkmaxims
Fundamentals:
Investment arm of the multi billion kalyani group.
It has 3 stocks in its portfolio - Hikal , Bharat Forge and BF Utilities (All kalyani group companies).
Net worth is 10000cr and the market cap of this is just 800 cr .
It is a biz only investment and it's like a holding company, yet the discount seems huge.

The stock had been in low vol accumulation for a year. Few weeks back the volumes have started increasing, and has now broken out on significant volume with a Gap up. The gap up has been immediately filled, so lesser chances of coming back again. Looking at the previous high volume bars, bigger volumes are expected further.
SL: Below weekly breakout candle.
Target: Breakdown of 20MA after 15% rise.

I reserve the right to be wrong.
Disc: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.

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