Kalpataru power now known as Kalpataru Projects International Limited (KPIL) has given weekly breakout of inverted head and shoulder pattern. A similar pattern is seen in SBILife whose idea was shared earlier
This is a strong signal of big uptrend in the stock from the technical analysis perspective. Energy sector is looking bullish to support the uptrend.
Good to keep on the radar
Always respect SL & position sizing
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#KalpatruPower very good formation
Seems ready for very good run in mid to long term.
Keep adding on every dip.
CMP 447 we can keep deep SL of 370 on closing basis.
Good power sector play, Railways, and Oil and gas.