KPIT TECH - SWING TRADE IDEA
1. Look like a rounding bottom pattern forming...
2. on the weekly timeframe, it breaks the downtrend and started retracing now.
3. Based on the rounding bottom pattern the target should touch the all-time high which is 725.
4. If falls it has strong primary trend support at 500 to 520...
Note:
1. I’m not a SEBI Registered advisor,...
All observations on chart.
Price volume analysis mention.
Monthly structure positive.
Location of consolidation is ideal for short term long trade.
Check image below.
Quess Corp is moving in narrow range.
After drop in volume. Volumes are picking up week on week basis.
Price is sideways in 980 & 840 Range.
Basically Stock is in contraction phase, which will be followed by expansion phase in which breakouts occur.
Drop in volume is a sign of big move. As the buyer n seller fight has settled & the price will move in the...
