KNRCON forms a pennant structure similar to Aartidrugs which gives breakthrough recently.
Don't enter at cmp, currently, it's under 20sma in a 1D Time frame. Also, strong resistance is there (marked).
Above 212 can enter, but safe entry is above 218.
ATH is near, if it's break then can see a big boom.
Though, Infra sectors growth and market support needed -...
Colpal has been consolidating in the range of 1560 - 1585 for the last week and has finally broken out of the range and looks like it might head higher towards 1615/1625 SL can be placed @ 1585
All trading strategies and ideas shared are to be used at your own risk.
AS OF NOW THERE IS NO CLEAR PICTURE IN INDEX MOVEMENT IN DAILY FRAME
NIFTY WAITING FOR SOME EXTERNAL NEWS TO MOVE
TILL IT CONTINUE TO CONSOLIDATE TILL GENERAL ELECTIONS ?
OR WAITING FOR SOME NEWS TO MOVE ?
WILL BE LONG IF NIFTY CROSSED 10780 FOR TARGET OF 10880 ZONE
AS OF NOW THERE IS NO SHORT TRADE FOR ME
I was looking for a harmonic pattern completion (on the downside) before getting involved in this stock. But the stock changed my bias by breaking above a falling trend line (red) and the cup and handle pattern neckline.
For getting into this trade, the risk could be (traditional) low of the handle (162) or the more aggressive 170...