The breakout of KPI Green, from a flag pattern is supported by trading volumes. There is evidence of institutional accumulation on specific dates; May 16th & 17th June 12th & 14th and June 20th to July 11th.
The rounding bottom pattern that is forming adds to the outlook. There might be a resistance zone around 980. As long as support remains above 885 the flag patterns strength will continue.
If KPI Green consolidates around the 980 level there could be a breakout that presents a trading opportunity.
In addition to indicators it's worth noting that KPI Green has fundamentals. For those interested, in ratios and data further information can be found in the comments section.
(Disclaimer: Information provided for educational purposes only. Not financial advice. Trading involves risk. Consult a professional before making decisions.)
Comment
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Seems like it's going to consolidate for a while before it make another move, as long as it's around the support level of 886 it's good but will have to wait for a decisive move to plan entry
Nice Analysis Bro.. So much information is a delight. A slightly smaller font would have improved the visuals increasing clarity. I'm putting my trigger at 985 here.
sandeshprabhu85
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@CautiousChartist, Would reduce the font in the forthcoming posts
agilram
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excellent way of picking .. just today witnessed your wonderful pick... hope will follow you to learn and earn from now