KPRMILL
KPR mill - Good Momentum🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
KPR MILL BREAKOUTVanakkam makakle. Yes,we got oppurtunity for a swing trade with around first level target of 8.90% ROI. And also very good for short term because rising wedge la poitu irruku ipo athoda demand zone breakout airuku.
It has breakout in 4hrs and 1hr time frame.So expecting some good swing but at the same time whatever we do must follow risk reward and money management. Have a profitable trade.
watch for resistance breakoutKPRMILL is trading in small darvas box.
we can buy if it breaks upper range of 1535.
but keep qty less as this stock is not very liquid.
and do check spread and see buyer seller difference before deciding qty.
avoid if gapup or bo happens before 9:20.
For Stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart as i don't keep predefined target.
KPR Mills – Strong Monthly Setup Stock is cautiously making Higher Highs on Monthly Chart with decent Volumes.
Fundamentally Stock is at Fair Valuation of around 8k crs Market Cap, but script can become Over Value also. So keep Trailing Stop losses on current position.
SL – 1096 (Weekly Close)
If Script crosses 1400 then New Trailing Stop loss should be 1180.
Targets – 2.618 Fibo 1566.2 and beyond.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.