Short Term Swing Trading Idea in Kabra Extrusion for 20% UpsideHi,
NSE:KABRAEXTRU has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Kabraextrusion
Kabra Extrusion_Probable Reversal CandidateKabra Extrusion has been in uptrend last 2yrs & witnessed correction in Yr 2023, though overall sentiments are positive. Price has crossed both the trendlines, along with rounding bottom pattern formation and is near the important level, which if crossed, will open opportunities for higher levels.
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.
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KABRAEXTRU - Ichimoku Bullish Breakout Stock Name - Kabra Extrusion Technik Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 500
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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KABRAEXTRU - Ichimoku Bullish Breakout Stock Name - Kabra Extrusion Technik Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 406.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Range breakout in KABRA EXTRUSIONTECAs the market is not in the mood we'll put tight stop losses, and one can book partial profits at some levels.
Chart -> KABRAEX Daily
The stock has broken a 3-months long range today, near its 200-Days moving average. Volume has also popped out.
CMP: 399
Targets: 440, 485, 527
SL: 366 on a two-day closing basis
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
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.
This stock is getting supper support from 21 DMANSE:KABRAEXTRU
Look at this daily chart of KABRAEXTRU. Whenever it comes near to 21 DMA it takes support and run upward at least 5%. You can keep it on your radar.
I have marked some of the daily movement whenever it reaches near to 21DMA and then shooting up tremendously.
Not much fundamental or technical needed. You can use this benefit until and unless it is following this trend.