KKCL (Long term pick)
Updated
Massive ATH breakout. Also a breakout of a high that was created in 2015. Would like to wait for October's closing above the horizontal trendline. As of now, RSI is quite heated. Would personally enter when price retests the trendline in following candles. Garment industry has been one of the beneficiary of the PLI scheme, this also happens to be the key trigger point.
SL is monthly closing below the red trendline and minimum target should be the rising trendline. Do wait for monthly closing though.
SL is monthly closing below the red trendline and minimum target should be the rising trendline. Do wait for monthly closing though.
Note
The stock has started moving. Dare i say, it also has repaired the CAGR damage done by the long consolidation. Keep eye on the rising trendline for profit booking. Also shift trailing stop loss to weekly closing below 590.
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