KPR Mills - momentum is back
Updated
Long term trend in stock is up.
After facing a pullback, stock seems gaining momentum again.
If it stays above 38.2 % Level 776, one can go long in the stock with stop loss of recent swing low 750. Target is high of June monthly candle 870, intermediate targets can be taken as 796,817,846
After facing a pullback, stock seems gaining momentum again.
If it stays above 38.2 % Level 776, one can go long in the stock with stop loss of recent swing low 750. Target is high of June monthly candle 870, intermediate targets can be taken as 796,817,846
Note
817 Hit.More power only when sustains above 825.
Conservative traders may book partial profit here and trail SL to 796
Note
3rd Intermediate target of 846 Hit today.expecting a small pullback
Next rally will take it to 875.
Conservative traders may book profit and trail SL to 817
Note
As expected s pullback drags it around 61.8% Fib Level 817If sustains above 817, Fresh longs can be initiated again.
I Can
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