Rachit_Sethia

#KOLTEPATIL CMP 247 #Target 287(17%) #ModiSpeech #trading #nifty

Long
NSE:KOLTEPATIL   KOLTE-PATIL DEVELO
Weekly Chart
#KOLTEPATIL
NSE: KOLTEPATIL
CMP 247.15
Target 1: 268
Target 2: 287
SL 226
RR Ratio > 2
Time Frame < 30 D


The BONUS:
The stock is picked up not for this small target.
The Long Term Target is Rs . 350
This might take around 9-12 months from now.

ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

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