KELLTONTEC Long IdeaKELLTONTEC broke out from years long consolidation and now consolidating near retest zone.
It is good buy near retest zone if at all it comes to that. Or you can buy after channel breakout.
Stoploss is weekly close below retest zone. Will update targets later.
Trade as per risk management.
NOTE: No idea about Fundamentals of company. It is just technical take.
KELLTONTEC
Kelltontec - Breakout above 135-40.Kellton Tech Solutions Ltd offers services in digital transformation, ERP and other IT services. It has operations across US, Europe, India and Asia-Pacific with a team of ~1,800 employees.
Looks like near the breakout level. Good to buy on dip and buy above 135-40 will be breakout levels.
Cup and handle pattern formation and on the breakout we can see the straight up move to the 500 or more...
Market Cap: 1190 Cr.
Promoter holding: 51.9%
FII holding: 0.79%
DII holding: 0.00%
Public holding: 47.3%
Bullish breakout in Kellton Tech SolutionA Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:KELLTONTEC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
KELLTON TECH - Bullish Spinning Top with VolumesNSE: KELLTONTEC is closing with a bullish spinning top candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 12% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
KELLTONTEC : Swing Trade#KELLTONTEC #breakout #VCPpattern #VCPBreakout #MomentumTrade
KELLTONTEC : Swing Trade
>> VCP Pattern
>> On Weekly, Inverse H&S Pattern Breakout
>> Trending Setup
>> Good Strength & Volumes
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
KELLTONTEC - Weekly Chart AnalysisA low cheat entry has triggered and the strength is seen with the volumes coming up in the past week.
Now it shall sustain the 73-81 zone and if it does close below this levels then this view stands invalid.
107-123 is the supply zone above and that should be an initial targets from hereon.
We shall figure out further how things pane out in future.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
KELLTONTEC | Ready for 40% Move ???NSE:KELLTONTEC
Cmp : 97.25
Target : 115,135
Stop Loss: 93
Risk Reward Ratio = 1:9
Closing Above 98 may give a 40% + Move.
#Study, Learn & Earn.
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