KNR CONSTRUCTIONS (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Monthly Resistance Breakout - Done ✓
- Monthly Volume Buildup - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- Entry has to be at the Demand Zone at around 300 (which is also our previous target level which we achieved)
-...
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.