Swaraj Engines' stock price got rejected from a supply zone and trading near the demand zone for the pullback test. If the price passes this test then wait until it crosses the supply zone for a momentum buy position.
But this idea is if it fails the pullback test and falls onto the uptrend line. Then, wait for the price action, if the price bounces off of the...
KPITTECH - gives good volume supported breakout.
Thursday (Aug12) BO given with good volume but not sustained and the candle close below the resistance.
Friday (Aug13) given good BO strongly supported by volume.
Look at the same KPITTECH shared earlier, for Resistance Turns Support, gave a massive BO.
Let's see will the history repeats?
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 -...