psumita108

KSB- positive directional movement

psumita108 Updated   
NSE:KSB   KSB LTD
R1 will be the first hurdle for the bull run. It's a small target yet it is in favorable condition for Risk/ Reward ratio so put the SL according to the daily chart.

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Comment:
According to the directional movement theory the stock as exactly performed like it was anticipated in bull run. With 150.50 pts i.e 16.03% move that can be witnessed. More to come we might also see a retest and making higher high's and higher low's.

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