An 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...
BUY - KENNAMETAL INDIA LTD CMP - Rs. 2126 Target - 1: Rs. 2431 Target - 2: Rs. 2676 . . Technicals - 1) Harmonic Patterns 2) Targets set using Fibonacci Retracement and Gann Angles 3) EMA Convergence . . Comment: Estimated time for returns is 6-9 months.
Kennametal 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 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