Flag and pole pattern breakout!
Looks good to buy with targets marked in the chart. Set stop-loss according to your risk appetite.
Also, MACD further supports the breakout.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
A good breakout with a significant amt of volume indicates the stock to reach 300 levels in the coming days. One can even wait for a retest at resistance to buy the share at a discounted price for max profit.
KNRCON forms a pennant structure similar to Aartidrugs which gives breakthrough recently.
Don't enter at cmp, currently, it's under 20sma in a 1D Time frame. Also, strong resistance is there (marked).
Above 212 can enter, but safe entry is above 218.
ATH is near, if it's break then can see a big boom.
Though, Infra sectors growth and market support needed -...
Hi Traders, go long on LT above 921 if a strong candle breaches 921.
LT can take a good upmove in short term, if a large candle breaches 921 level (a confirmation).
Entry price: 921-924.
KNR Constructions Ltd: Momentum trade setup. Increasing buyer participation and institutional interest. Trending above short medium and long MA's. Happy trading folks NSE:KNRCON
“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
Meaning: A quote to remind you to focus on getting the trade to work first! Money...
1) Completion of elliot wave
2) Strong Volume near last wave
3) Break of trendline
4) Company performance has been strong with good order inflow -- co got derated due to lag in revenue booking and increase in cost of capital
There seems to be a potential Bearish Bat formation on NSE:GMRINFRA on the daily charts.
A short can be initiated at 13.88
Target 1 : 12.48
Target 2 ; 11.65
Stop : 14.52
Please Note : The lot size for futures of this stock is 45,000 units.
Disclaimer : The chart is only for educational purposes and in no way a recommendation to trade. Please...