KEI
KEI about to BreakoutAscending Triangle Pattern formed in Kei Industries. I am referring 1D candle.
CMP : 722
You can clearly see a Rising Lower trendline which is acting as a support line. Many times stock is taking its support and rejected the downside movement.
Upper trendline is flat acting as resistance line. Many times stock touched that line or tried to go out of the pattern but got declined.
Positive Points:
1) Ascending triangle pattern which is commonly known for bullish sign.
2) MACD is about to crossover. Its above zero line. Also you can see weakness is decreasing. See histogram bars.
3) RSI above 60. and It has taken support near 55-60 which is very good sign for a bullish momentum.
Entry:
After breakout.
Aggressive buyers can take entry after breakout (Volume is important for breakout)
Defensive buyers can wait for a pull back for confirmations
Target :
830
Duration :
short to mid term position
Disclaimer : I am not sebi registered. This is for educational purpose only. Do your own analysis before taking any position. I am not responsible for your profit or loss.
KEI INDUSTRIES RANGE BREAKOUTRANGE BREAKOUT
Buy KEI IND, CP - 623.1
Strict SL - 505 (WCB)
Target - 1000+++
KEI INDS - Inverted Head & ShoulderInverted Head and Shoulder Pattern - Breakout on closing basis only.
Resistance zone become support zone18 december High is resistance zone
18 January give breakout happened but it failed
15 March to 30 march see the volume something is cooking
( I think on the upside is cooking ) "my view doesn't matter"
Now that resistance zone become a support zone.
Breakout Stock KEI INDUSTRIES !! 17 March 2021 !!* I love those setups where price just touch the chart pattern boundary before the breakout takes place.
* Before the breakout this stock made a rectangle pattern and breakout with Significant volume.
Kindly Let me know if you have any question.
Swing and Intraday: watch for resistance breakoutbuy KEI above 530 for swing and Intraday
if want to take some risk can buy above 526 as well.
KEI IND - NEAR BREAKOUT ZONENote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Descending triangle patternKEI has formed a descending triangle pattern. We expect a fall in price by 20+ points which is equal to base of a triangle
Swing Trade Idea #232 : Long on KEIThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
KEI Industries_8.50% upside18 Aug 2020
KEI Inds. (CMP: 400.40)
Symmetrical Triangle Breakout
Sharp volume surge in the last 2 days.
MACD breakout
RSI bullish signal. Stock is very close to touching its 200 DEMA.
T1- 411, T2- 422, T3- 434; SL- 385. Target Duration 18 Sep 2020.
Ascending triangle with huge volume breakout Ascending triangle with huge volume breakout
Short term target 440
KEI INDUSTRIES TREND ANALYSIS WITH PRICE ACTIONNSE:KEI TREND ANALYSIS
FM CAPEX BOOSTER
GOOD FUNDAMENTALS
KEI industries symmetrical pattern Time frame : 1 1/2 month
if cross 477 , buy with TGT1 527 , TGT2 660
SL 439
