padiyaraa

Kitex will have strong support at 360

NSE:KITEX   KITEX GARMENTS LTD
274 11 18
Achieved a pinpoint target 936
Comment: read 536 hee he
Comment: 536
Comment: well. that was a great support 364, for investors
Comment:
Comment: Towards the resistance 536 again
Comment: kitex support 364. The view on the stock remain same. Accumulate as much as you can on every Dip.
Comment: It over sold on hourly basis, and the stock can turn up any time.
364 is the best possible support we can assume, it is not necessary that the stock to touch again there.
Comment: ex bonus 2:5 price . good
Comment: oh, it is only a 7:5 ratio ,that mean a fair price movement only. still a 5% gain today
Comment: Looks very attractive at this price level. Any how, since it has broken the strong support zone 360, wait for further signals, try for bottom picks.
Comment: Kitex: Highly over sold. Res:263
Comment: The tunnel is too long it seems, no sign of any light :D
this is one stock with bad fundamentals and bad charts...
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Thank you .
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padiyaraa vijayan0018
@vijayan0018, Happy now?
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And it cannot be a sell candidate, unless it break below 364.
Hopes that, it will not happen in history, am that much confident about this stock. :D

My dear friends, please try to discuss your investment subject in this comment session,
instead using the PM for that,if you bring it to a common discussion it will be useful to all.
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@Ashu_2681 it over sold on hourly basis, and the stock can turn up any time.
364 is the best possible support we can assume, it is not necessary that the stock to touch again there.
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padiyaraa padiyaraa
@padiyaraa, how do you get it? :D
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Could we call this one as Triple Bottom? It has higher Bottoms consecutively.
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padiyaraa harishkumarhs
@harishkumarhs, Definitely it is a triple bottom

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This March annual result were off mark hence took fall from 536
However they have good expansion plan in American markets so lets hope for best for Investors.
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KITEX looks to be in accumulation mode, will move up eventually!
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