Kalyan Jewellery - Long term Trend Analysis Now in the consolidation zone - 59 to 62.5 Only it will reverse bullish when it opens and close above 63... Educational purpose...
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.
Kalyan jewel can see an upside starting soon. Both trend and season.
Systematic triangle in progress and it seems lower end of triangle so long can be initiated here with week low as SL. This will give higher risk-reward
At strong ssupport MacD ready for turn around Taking support at trend line Risk to reward favorable XABCD Pattern View negated below 65
Please comment your view on my analysis. 1:3 risk reward
This is the weekly chart of kalyan jewellers Educational Purpose.
Breakout with good volume in Kalyan Jewellers. Resistance levels to watch: 72, 75, 78. Higher demand can be seen due to Festive season.
Educational Purpose only
Please see the chart for my perspective and interpretation of the price action for Kalyan Jewellers stock. With this post, I am trying to adopt a more explanatory approach towards my analysis along with an attempt to make charts more visually appealing and clutter-free. For any feedback about the analysis or the presentation, feel free to drop a comment below....
Rounding Bottom BreakOut Targets shown in the picture above...
but at cpm stoploss - 69... target - 85, 105, 120,150 + till diwali