KELLTON TECH :
1) The stock is testing the resistance (zone) multiple times.
2) The more it tests, the weaker it becomes (likely to break upper side)
3) 80 + is the key level to watch
4) Can expect 5 to 8% move after a breakout.
It has given a breakout in the weekly chart and can maybe challenge the ATH of 122 .
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Kellton Tech - Long
Support: ₹ 61.70 - ₹ 60
Target - ₹ 72.85, ₹ 80.15, ₹92.00
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view...
Kellton tech is creating a good ascending triangle which is a bullish sign, after hitting to 52 weeks low of 25.
On a long term support it will definitely hit 70 again in 3-6 months.
Buy on dips next 1-2 weeks.
Volatility has been reduced drastically even though general market is more volatile during last week. Long can be initiated above 77.50 with SL of 72.50
NSE:KELLTONTEC
off lately trending sideways with low volumes but weekly patterns indicate revivals of old 150-160 levels, neytral to + ve buy with a SL of 100
the stock can give a good upside in near terms thus i feel it could be a good bet , but for only risk takers as the stock will remain extremely volatile for next few trading sessions
