Company is engaged in provision of engineering and construction services, . Its services include hydro power, water solutions, transportation, and nuclear power. The firm operates through the following segments: Engineering and Constructions; Infrastructure; Real Estate; Comprehensive Urban Development and Management.
Published idea is based on ''Rising Ladder...
1) On 15 min time frame, we can see that it made regular bullish divegence as price made lower lows and RSI made high lows.
Please refer below chart : 15min Time Frame.
Also today on 15min time frame, we can see that it made almost flat lows and RSI made higher lows which is also Exaggerated Bullish divergence.
Date - 21-01-2022 Price - 315.05
KNR Construction is near the support zone and as govt. is likely to focus on the infra sector, this stock can be huge beneficial. KNR Construction main business is building roads and highways which going to be the main focus of govt. in the upcoming budget.
Stock can be good buy for budget play.
Although the chart is self-explanatory, Yet to see in the coming session, if the stock retraces up to around 7200 levels, then it will be a good price to enter in a long position.
This is learning and sharing purposes, not a bit trading recommendation.
Please comment with your views.
All the best.
IEX is an Indian Company in Power Sector.
Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235
The RSI of the company also reached 30 level - Key level for bounce back
After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ),
The share has shown a healthy bounce led by...
*** Trade at your own risk ***
AUDJPY broke its previous resistance and there was a minor retest at the same zone. Even though there was minor retest at the previous resistance we can expect a good pullback from the same zone . Remember market is more about risk management and psychology no human being is right 100% in analysis . The more we manage risk the...
Got around with a beautiful breakout.
Just wait with patience for a very good move.
I will advice you to do paper trading first if you are a fresher to this
I'm not a financial advisor.
You should take your risk according to your risk appetite.