NeeteshJain
Long

KSCL - CHANNEL BREAKOUT

BSE:KSCL   KAVERI SEED COMPANY LTD
It is been observed on the minutes chart that the price action breaks out big from a channel and shall further go higher.

Target- 702

Target 2- 707

SL- 690
Aug 01
Trade active
Aug 02
Comment: Ascending Triangle formation on 15 mins chart, now a breakout from here on shall further decide the move.



#followup
Aug 02
Trade active
Aug 03
Trade active: Breaking resistance 700
Aug 03
Trade closed: target reached: Target 1 reached successfully. Regards
Hi, it was very probable that this structure would fail. On the left side of the chart, resistance was present near 696 level. Also green candle outside the channel did not close above the yesterdays day open level (resistance level). Thanks
Reply
@eamite, Yes, the resistance zone of 696-703 still not broken with confirmation, which may indicate further consolidation until the price action goes below 688-680 levels. Thanks for sharing.
Reply
Can i enter at 685 range
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mihirj mihirj
Sorry at 695 range
Reply
@mihirj, You may enter once the price action moves above 703 levels for target of 707,710, 715. Thanks
Reply
SL hit...any Possibility of recovery?
Reply
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