Falling Wedge Breakout + AB=CD Bullish Pattern | Daily Chart📈 KEI INDUSTRIES LTD – Falling Wedge Breakout + AB=CD Bullish Pattern | Daily Chart
🗓️ Date: May 07, 2025
💹 Timeframe: Daily
🏢 Stock: KEI Industries Ltd (NSE)
📊 Chart Analysis Overview:
KEI has broken out of a Falling Wedge pattern, a classic bullish continuation/reversal signal, backed by strong volume surge and a completed AB=CD harmonic leg — indicating the bulls are stepping in with conviction.
After weeks of corrective move, the price respected the wedge’s support, formed higher lows, and has now convincingly breached the upper trendline.
🔎 Pattern Breakdown:
✅ Falling Wedge: Identified with red trendlines showing price compression.
✅ AB=CD Harmonic: Blue legs marking symmetrical retracement and projection.
✅ Breakout Confirmation: Bullish candles closing above the wedge resistance with momentum.
📌 Key Technical Levels:
🔴 Support Zone: ₹2,424 (Previous swing low & harmonic completion)
🟢 Resistance Ahead: ₹3,324 (Recent price ceiling)
⚡ CMP: ₹3,318.50
A clean close above ₹3,324 could ignite the next leg of momentum, possibly toward ₹3,500–₹3,650 in coming sessions.
📈 Volume Insight:
Breakout is supported by a noticeable volume expansion — suggesting participation by smart money and institutional interest.
📰 March Quarter Results – Strong Fundamentals:
📈 Consolidated Net Profit:
🟢 ₹226.5 Cr — up 34.5% YoY (vs ₹168.5 Cr last year)
📊 Revenue:
🟢 ₹2,914.8 Cr — up 25.1% YoY (vs ₹2,329.9 Cr)
This earnings momentum adds a fundamental tailwind to the ongoing technical rally.
🧠 Market Bias & Strategy:
As long as the price holds above ₹3,000 and respects the breakout structure, the trend favors bullish momentum traders.
📍 Lookout for a pullback-to-retest near ₹3,200–₹3,250 as a potential entry zone with low-risk, high-reward setup.
🔔 Disclaimer: This analysis is for educational purposes only, not investment advice. Always do your own research or consult your advisor before trading.
