All indications are in our favour. Long KOKUYOCMLN
K0KUYOCMLN has been trading in range for around 4 months and gave a breakout today. As per my analysis the stock is a BUY with a potential upside of 40%. So lets check what's in our favour.
1) The stock broke its resistance with its 4th attempt with a strong green candle.
2) The volume was 15,53,670 which is extremely high as compared to its daily volume which ranges between 60,000 to 5,00,000.
3) You can see the MACD crossover.
4) The big green candle took its support at CPR ( Central Pivot Range ).
5) It took support at 8 Day Moving Average and crossed 20 DMA and 200 DMA.
6) It can move up up-to 40% with Target 1 at 72, Target 2 at 86.5 and final Target 3 at 92.
1) The stock broke its resistance with its 4th attempt with a strong green candle.
2) The volume was 15,53,670 which is extremely high as compared to its daily volume which ranges between 60,000 to 5,00,000.
3) You can see the MACD crossover.
4) The big green candle took its support at CPR ( Central Pivot Range ).
5) It took support at 8 Day Moving Average and crossed 20 DMA and 200 DMA.
6) It can move up up-to 40% with Target 1 at 72, Target 2 at 86.5 and final Target 3 at 92.
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