KITEX - Breakout Setup, Move is ON..NSE:KITEX
✅ #KITEX trading near Resistance of 752
✅ Next Resistance is at 1178
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
KITEX
KITEX - Breakout Setup, Move is ON..NSE:KITEX
✅ #KITEX trading above Resistance of 524
✅ Next Resistance is at 752
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
YR 2022 Idea #62: Long on KITEX withThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Kitex Garments Ltd. (KITEX): Hovering near the breakout zone...After 12 weeks of consolidation, the stock price is hovering at 277, which is near the breakout zone of 284. The price might swing between 284 and 260, before it makes a breakout above 284.
Upon breakout above 284, we can see levels of 330 and 345.
Always keep a strict stop loss based on your risk appetite.
Note: Not a buy/sell recommendation