LONG on KRSNAA DIAGNOSTICS for Medium Term
KRSNAA was falling in a descending channel ever since its listed on bourses at a price of 1109.70.
It corrected approximately 68% from its listing price to reach an all time low of 353.10 on 28th Feb 2023. But, very recently i.e. on 31st Mar 2023, it successfully broke out of that channel rising by almost 44 % in 2 months.
Target: 783 (Potential upside: 54%)
Stop Loss: 498(daily closing basis)
It corrected approximately 68% from its listing price to reach an all time low of 353.10 on 28th Feb 2023. But, very recently i.e. on 31st Mar 2023, it successfully broke out of that channel rising by almost 44 % in 2 months.
Target: 783 (Potential upside: 54%)
Stop Loss: 498(daily closing basis)
Comment:
The Stock hit our stop loss and then moved up.
For fresh entry, Stop Loss may be kept at 590
For fresh entry, Stop Loss may be kept at 590
Moving as expected
Add Target 2: 877