KNR Constructions Ltd
KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects.
Financial:
Market Cap ₹ 7,783 Cr. Current Price ₹ 277 Stock P/E 14.1
ROCE 20.8 % ROE 15.5 %
Debt to equity 0.25 Promoter holding 51.1 %
Quick...
KNR Construction is in a parallel channel which is making HLs. Any breakout above the channel will lead to 30% move.
NOTE: I'm not a SEBI REG. Study before investing.
- Knrcon is currently a C+ OR B type setup
- Do not initiate any entries as of now
- Wait for a perfect setup to form entering imbalanced setup can leak your gains for no reason
NSE:KNRCON stock is break the symmetrical triangle pattern.
Buy entry is break and sustain above the 306 level.
Target 1 315 to 320.
Target 2 330 to 345.
Target 3 375 to 385.
Target 4 410 to 435.
stop loss break and close below the price level 250.
Long KNR constructions
CMP 265
Triangle breakout with good volume.
It can be fake breakout
So,
Buy Above 277
Stoploss 226
Swing Trade
Target 1 299
Target 2 310
Long Term
Target 1 317
Target 2 339
The chart is self-explanatory.
upside potential > 15%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
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...
BUY - KNR CONSTRUCTIONS
CMP - Rs. 253
Target - 1: Rs. 326
Target - 2: Rs. 510
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Technicals - 1) Flat Base
2) Stock is in consolidation, has 2 major supports, and is likely to hold the current one, given the supply and demand.
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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
Date - 21-01-2022 Price - 315.05
KNR Construction is near the support zone and as govt. is likely to focus on the infra sector, this stock can be huge beneficial. KNR Construction main business is building roads and highways which going to be the main focus of govt. in the upcoming budget.
Stock can be good buy for budget play.
