KSCL - CHANNEL BREAKOUT Long

KAVERI SEED COMPANY LTD.BSE

Description

⋅ Aug 2, 2017 4:05 AM

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

Trade active

⋅ Aug 2, 2017 4:05 AM

Comment

⋅ Aug 2, 2017 10:06 AM

Ascending Triangle formation on 15 mins chart, now a breakout from here on shall further decide the move.

#followup

Trade active

⋅ Aug 3, 2017 3:49 AM

Trade active

⋅ Aug 3, 2017 8:32 AM

Breaking resistance 700

Trade closed: target reached

⋅ Aug 3, 2017 8:36 AM

Target 1 reached successfully. Regards

Comments

eamite

⋅ Aug 3, 2017 6:59 PM

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

NeeteshJain

⋅ Aug 4, 2017 3:38 AM

@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.

mihirj

⋅ Aug 3, 2017 3:54 AM

Can i enter at 685 range

mihirj

⋅ Aug 3, 2017 3:54 AM

Sorry at 695 range

NeeteshJain

⋅ Aug 4, 2017 3:38 AM

@mihirj, You may enter once the price action moves above 703 levels for target of 707,710, 715. Thanks

abhinavk31

⋅ Aug 2, 2017 4:50 AM

SL hit...any Possibility of recovery?