Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed:
Weekly High: Around 415
Weekly Low: Around 202.53
Current Price: Around 352.95
Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance.
Here’s a potential trading strategy based on the current data:
1. Support and Resistance Levels:
Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure.
Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction.
Long-term Support: ~202 (weekly low) – strong support level.
2. Entry Strategy:
Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415).
Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255).
3. Stop Loss:
For an aggressive trade, place the stop loss around 308.
For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement).
4. Target Levels:
First Target: ~388 (previous highs)
Second Target: ~415 (weekly high)
Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
KNRCON
KNRCONNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
KNR CONSTRUCTION PROJECTIONKNR CONSTRUCTION 1D Timeframe Projection.
Daily and Weekly trends are Bullish.
DISCLAIMER: All labeling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
KNRConstruction-A breakout for big returns!KNRConstruction is an undervalued infra theme stock which is looking strong on chart.
It has given a flag breakout and above its ATH, it has potential to fly.
Q4 results of stock are amazing and it can fuel the rally.
Keep in watchlist. Not a recommendation
KNRCONKNRCON:- The stock has formed a fluff pattern, if upside breakout, we may see upside movement, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
KNRCON Analysis(Double Bottom)! NSE:KNRCON Analysis!
KNRCON Analysis on Daily Timeframe!
Double Bottom Pattern Formation in KNRCON!
Neckline Breakout in KNRCON!
Trend Reversal in KNRCON
KNRCON has made Double Bottom Pattern on a daily timeframe. It has given neckline breakout but experienced high selling pressure around this level. We can observe the retesting is happening now.I have extended previous support trendline we can expect price may take support on this trendline also neckline can acts as a support if we consider current price level. We can see RSI is also trending and took support at support trendline recently it has given breakout to the resistance trendline. So we can expect the price can move upwards.
Entry = Aggressive investors can buy at current levels, Conservative investors can wait for small retest.
Stop Loss = Below 242.65
Targets = 1) 258.95 2) 265.95 3) 271.70 4) 280.40
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
KNR Construction : Positional call (1/3/6 Months)#KNRCON : Superb Chart Structure
>> Range Breakout
>> VCP Breakout (Flacg & Pole)
>> Breakout (with Volumes) & Retest done
>> Decent Volumes & Good Strength in Stock
Good Chart Structure for Learning Purpose.
Like follow & Share for more such Analysis.
Keep Learning & Keep Growing
KNRCONKNRCON:- Cup and handle pattern has formed but not given breakout yet good for short term till then keep watch
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
KNR Constructions : Near breakout zoneThe current price 314.85 is hovering near the breakout price of 326.
If the stock gains momentum, it can touch 365 and 390.
Retracement levels can be seen at 314, 293, 286 and 262.
As with every trade, always keep a stop loss and also consult your registered adviser and do due diligence.
Not a buy or sell recommendation.
KNR Constructions for swing Swing Trade : KNR Constructions
Reasons :
1) H&S Breakout with good volumes and retracement also done with good volumes.
2) taking good support of EMA's that's why Stoploss is near to 20 Day EMA.
Can be played for upside move with stop-loss of 305, for the target of 335/360..
>> NOTE : I’M NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS
I’M NOT A SEBI REGISTERED ANALYST
>> KEYWORDS (IGNORE)
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