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TheUnlearningOne

Kitex Garments Ltd. (KITEX): Hovering near the breakout zone...

Long
KITEX GARMENTS LTD (NSE:KITEX)  
TheUnlearningOne  
NSE:KITEX   KITEX GARMENTS LTD
Support and Resistance Pivot Points Parallel Channel KITEX kitexgarments
4
0
supportandresistance pivotpoints parallelchannel kitex kitexgarments
After 12 weeks of consolidation, the stock price is hovering at 277, which is near the breakout zone of 284. The price might swing between 284 and 260, before it makes a breakout above 284.

Upon breakout above 284, we can see levels of 330 and 345.

Always keep a strict stop loss based on your risk appetite.

Note: Not a buy/sell recommendation
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