go long in Kennametal IndiaAn Inverted Head & Shoulder Chart Pattern Breakout happened on the Weekly Time frame of NSE:KENNAMET
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
Kennametal
KENNAMETAL INDIA - 26% RETURNSBUY - KENNAMETAL INDIA LTD
CMP - Rs. 2126
Target - 1: Rs. 2431
Target - 2: Rs. 2676
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Technicals - 1) Harmonic Patterns
2) Targets set using Fibonacci Retracement and Gann Angles
3) EMA Convergence
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Comment: Estimated time for returns is 6-9 months.
KENNAMETKennametal India Ltd
CMP: 1929
- Manufacturers of carbide tools & special-purpose machines
- Highest quarterly sales & highest profit
- Bouncing from 20 week ema and 100ema in daily chart
- Formed a bullish engulfing candle near 100ema
Kennametal India / Volume Breakout Kennametal India has broken its major resistance with good volumes.
Can enter the trade with 50% on the dip and next 50 % above the 1320 levels
SL 1090
Target 1950
Manage Your Risk
