A 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...
NSE: 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...
#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
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur...
A 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.
...
NSE:KELLTONTEC
Cmp : 97.25
Target : 115,135
Stop Loss: 93
Risk Reward Ratio = 1:9
Closing Above 98 may give a 40% + Move.
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