ParamjitMahapatro
Long

kitex garments looks bullish in short to medium term

NSE:KITEX   KITEX GARMENTS LTD
in weekly, price is moving sideways, it looks like a symmetrical triangle.

price recently bounced from the trend line support with good volume ,

in daily , there is a symmetrical triangle formation and then break out with good volume .
snapshot


there was a BB squeeze , now price closed above upper BB with good volume and BB is now expanding.
snapshot




sl - 260, 1st tgt             - 310 2nd tgt             - 350
Trade closed: stop reached
this stock is useless as it can get. better to stay away,,poor fundamentals
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@mklives, didn't aware of the fundamentals, thanks for the input.
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