▸ Base formation followed by a high volume breakout
▸ 150% up move from bottom of the base to the recent top
▸ Currently, it's taking a pause and pulling back to 20, 50 EMA.
▸ There is a good possibility that it will continue to move higher after consolidation
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is...
all stocks hv strong potential to gain atleast 30-50% in short period.
educational purposes only .
BUY - KALYAN JEWELLERS INDIA LTD
CMP - Rs. 115
Target - 1: Rs. 132
Target - 2: Rs. 160
TECHNICALS - Triangle breakout
Target - 2 will be achieved in the medium term.
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This chart is for educational purposes only.
Kalyan Jewellers India Pvt Ltd (KALN) strong Breakout level
Triangle pattern break out @ monthly chart
Festival season upcoming days will help to move upside further
Time to go for long in Kalyan jewellers
BUY above 92
Next target 104 ,115,129
sell call on kalyan jewellers
stock has made a classic triangle pattern
stop loss is high due to late identification, so please trade accordingly.
current price 61 rs
1st target 45 rs.
2nd target 30 rs.
stop loss 68 rs.