KEI Industries (BSE: 517569 | NSE: KEI) changed course after nearing INR 500 Levels kei share price reached all time high of INR 495. There is selling seen in the counter and chances are there for correction, the share has not corrected since the beginning of multi bagger rally.
Fundamentally very good stock with very low beta, will not be affected even after market crashes down. This is going to be a multibeggar soon. Just wait and watch for another 3 months.
Target 650 - holding period 3 months
The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels.
Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.
i think the stock is turning its trend into positive although a good spike has been seen but after a short profit booking i again see the stock to touch good levels that may surprise !!!!!!
stop loss in such stock is compulsary!!!
MMTC Has Currently made Multiple Top break out and if it crosses 107 and holds strong, It is a classical rounding bottom, and the stock has futuristic growth and possibly reach a target of 500+.
MMTC is tied up with paytm for the supply of gold and other precious metals.
Being a Public sector company, This is the Ultimatum time for MMTC....