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Symmetrical Triangle formation on Daily charts for KMCSHILKMCSHIL has a symmetrical triangle pattern formation on the daily chart. Stock has been consolidating from mid September. The RSI is not quite encouraging at 43, but seems has given a BO, While todays closing candle is just outside the triangle pattern. stock has form a a good base around 59-61 & held it well during past 1 weeks correction. Low risk : High reward candidate. Target can be 90 with an SL of below 59 on DCB. Disc: Invested, charts for education purpose only. Not a reco for buy/sell.
BSE:KMCSHIL
by amjai85
Retest on Monthly chart for Action Construction #ACEACE is currently retesting the BO on monthly chart after almost 6 months of BO. Has sustained well above the BO neckline for Nov & December till date. A monthly close above 199 should keep intact the support. A move above 235 will give a strong 14 year BO, target of 29I previous ATH. RSI seems to have given a positive divergence, monthly RSI above 60. Disc : Invested, holding from lower levels. Not a reco to buy or sell. Please have your won research before taking any buy/sell trade
NSE:ACELong
by amjai85