Ksblong
Unpacking KSB : From Breakout to Retest - What's Next?Hello Traders! Today, we're going to take a deep dive into the technical analysis of KSB , a prominent company known for manufacturing valves, pumps, and more.
🔍 Understanding the Chart
KSB has recently made an all-time high on 23rd August 2023. Interestingly, it broke this all-time high on 21st September 2023 with impressive volume. The stock has now returned to its previous all-time high to retest the breakout, but with very low and decreasing volumes. This pattern suggests that it's a retest of the previous all-time high breakout.
Entry Point : The stock is currently trading at 2864. We may plan an entry at this level.
Stop Loss : The stop loss will be around 2840.
First Target : The first target will be at least 2960.
Second Target : The second target will be around 3030.
📊 Fundamentals
The fundamentals of KSB are strong, with the company posting impressive quarterly results. You can check the details below image:
🔔 Upcoming Events :The company is expected to post its quarterly results in the coming days, which could potentially impact the stock's performance.
📚 Key Technical Terms Explained
All-Time High (ATH): The highest price ever reached by a stock.
Volume : This refers to the number of shares or contracts traded in a security or market during a given period.
Retest : This is when a stock moves back to a price level it has previously broken out from, often to confirm that level as either new support or resistance.
💡 Conclusion
Remember, this analysis is for educational purposes only. I'm not a SEBI registered analyst. Always do your own research before making any investment decisions.
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KSB - Ichimoku Bullish Breakout Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1735
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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