KIOCL Lokking Good For Reversal

Dec 31, 2024

KIOCL today gave a big up move in the downtrend with Volumes.

Trade Setup: It's Looking to make a Golden Crossover in a Few Days with the kind of move shown today after a big downtrend and now reversal can be Activated if it Crosses Decisively above 200 DSMA and R1 until S1 and 50 DSMA is Respected it Looks good.

KIOCL is a flagship company under the Ministry of Steel, GOI, with Miniratna status. It is an export-oriented unit with expertise in iron ore mining, filtration technology, and the production of high-quality pellets.

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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

2 days ago

Trade active

Closed above R1 and 200 DSMA

yesterday

Trade closed: target reached

Gave a Swing to 427.