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...
The 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.
Note:
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...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
KNR Long
Inverse head & shoulders pattern
RSI-61
Buy at CMP- 299
SL- 281
Target- 325
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
NR construction can look for to of 400
with sl of 230 below closing on weekly basis
please like and share so we can bring more profitable chart setup
Disclaimer : only for educational and learning purpose
WEAKNESS BELOW 230
INVEST OR TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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I will buy KNRCON because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 289
Target : 350
Stop loss : 274
