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amjai85

Descending triangle Break out on KPR Mills - Weekly charts

Long
KPR MILL LTD (NSE:KPRMILL)  
amjai85 Updated   
NSE:KPRMILL   KPR MILL LTD
Chart Patterns Descending Triangle KPRMILL
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chartpattern descendingtriangle kprmill
KPR mill breaks out of the Descending triangle pattern on weekly chart. The Entry exit points are all mentioned on the chart. The volume is building up.
Disc ; Invested from lower levels, this is for educational purpose only. Please do your own research, before investing.
Comment:
BO restest completed on weekly TF, the stock made a low of 579.95, providing entry at BO retest level. with cotton prices cooling off, some good accumulation seen in textile stocks. Keep a watch as it moves to its target.
Disc : Not a reco to buy/sell. DYOR. Invested from lower levels.
Comment:
Holding the Support level, & completing the Retest in last weeks correction, & bouncing back from retest level, the volumes on the Green Retest candle is low, the volume on Red retest candle is further low, this confirms BO retest. The volume for todays up move was good, this weeks close above 620, should be good for moving towards 1st target of 638. Disc : Not a buy sell reco. DYOR
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