KABRAEXTRU - Retest of head and shoulders pattern's breakoutKABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume.
The overall analysis indicates high probability buying opportunity, which is a low risk and high reward.
I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
Kabraextrus
Simple Trade Setup | Kabra Extrusion | POSITIONAL/ INTRADAYNSE:KABRAEXTRU
TODAY, it closed just in the range as well as slightly below 21DMA.
If it trades above 215-216 then it will be buy trade for minimum of 5% upmove with stop loss of 210.
You can also refer my previous ideas about Kabra in below link.
Kabra Extrusion | Still in the range | Just keep it on RadarSTILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK.
If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side.
In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar.
But only take the trade once it have a cross the the level on daily candle with volume on either side.
Do comment your doubt or suggestion.
NSE:KABRAEXTRU
KABRA EXTRUSION | STILL STUCK IN THE RANGE | NSE:KABRAEXTRU
STILL STUCK IN THE RANGE. NEED TO WAIT FOR THE EITHER SIDE OF THE BREAK. If it gives the breakout on the upper side on daily candle with volume then we will see upside movement and same for breakdown on the lower side.
In positional trade, there will be easy 5% that one can get from this trade. Keep this on Radar.
But only take the trade once it have a cross the the level on daily candle with volume on either side.
Do comment if you have any doubt or suggestion.
KABRA EXTRUSION | SIMPLE TRADE SETUP FOR POSITIONAL TRADENSE:KABRAEXTRU
Today it has broken the 21DMA and traded below it.
As per my personal view there will be a consolidation between today's high and today's low for few more days. And once it breaks on either side it will give minimum of 5% move.
If it breakout above then make sure that at that time it should cross the 21DMA.
For Safe trade better to enter once the Daily candle break on either side.
Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.