KABRA 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...
NSE: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.
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...
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...
NSE:KABRAEXTRU
Today on daily time frame, it has closed above yesterday's high and also closed above 21DMA.
If it trades above 516 then it will be a good opportunity to buy and we can see good up move in it.
Keep this on radar.
NSE: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...
