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Kokuyocamlin

KOKUYO CAMLIN | Good for Long |NSE:KOKUYOCMLN CMP: 144.10 Reason for Trade : TrendLine BO Entry : Cmp or near Support 135 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:KOKUYOCMLNLong
by Art_of_charting_Knowledge
All indications are in our favour. Long KOKUYOCMLNK0KUYOCMLN has been trading in range for around 4 months and gave a breakout today. As per my analysis the stock is a BUY with a potential upside of 40%. So lets check what's in our favour. 1) The stock broke its resistance with its 4th attempt with a strong green candle. 2) The volume was 15,53,670 which is extremely high as compared to its daily volume which ranges between 60,000 to 5,00,000. 3) You can see the MACD crossover. 4) The big green candle took its support at CPR ( Central Pivot Range ). 5) It took support at 8 Day Moving Average and crossed 20 DMA and 200 DMA. 6) It can move up up-to 40% with Target 1 at 72, Target 2 at 86.5 and final Target 3 at 92.
NSE:KOKUYOCMLNLong
by manoj9631