KSCL : trade on breakout retest !
KSCL : CMP 734
trade set up :
buy above 735
keeping stop loss as 670 on closing basis
targets : 820/1069
technical setup:
1.bullish flag and pole in weekly pattern
2.pennant
3.breakout re-test
note : stock has made multi year price breakout at 710 levels . made high 814+,
has retested the same price recently .
and again on the verge of flag pole /pennant breakout at price 734 to 736.
time frame 2 to 3 months
trade set up :
buy above 735
keeping stop loss as 670 on closing basis
targets : 820/1069
technical setup:
1.bullish flag and pole in weekly pattern
2.pennant
3.breakout re-test
note : stock has made multi year price breakout at 710 levels . made high 814+,
has retested the same price recently .
and again on the verge of flag pole /pennant breakout at price 734 to 736.
time frame 2 to 3 months
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.