KKCLStock is super bullish as per technical and fundamentals. Price above 770 can go up to 830-850 in a short term trend. Pure volume based breakout is expected.
Stockforinvestment
Motherson Sumi Wiring : waiting for Rectangular box breakout !!Motherson Sumi Wiring India Limited is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India with a market cap of Rs. 22,000.00 . The stock is currently in a range and on strong support @ 50.45 . Aggressive traders may take entry at CMP @ 49.90 as the stop loss is very low. Safe Trader , enter the trade after retesting of the support after break out of the rectangular box @ 51.55 for targets 53.95 , 59.50 and 63.25 with stop loss @ 48.50. Thus the Risk Reward Ratio is ranging from 2.89 to 9.53 .
Company's Fundamentals are very strong. Promoter's holding is 61.75% and MF holdings is 15.32 % which is a good percentage and a sign of confidence in this stock. We see a trend reversal in the stock from the strong supply zone before coming in a range box as shown in the graph.
Entry @ CMP ( for aggressive )
For safe traders : Break out of the box and re-testing of breakout ,
Targets 53.95 , 59.50 , 63.25
STOP LOSS : 48.50
Please remember, this study is only for education purpose. Please do your own analysis and trade at your own risk. Do not forget to Boost my study , if you agree with my idea.
Simple Trade Setup| PI Industries | 30-08-2021NSE:PIIND
Observations:
1) On Daily time frame it has been taking support from 21DMA and trading above 21DMA and now it is near to it's critical resistance level of 3200. On breaout of it, there will be good up move, but if it faces resistance from it then it will be again down move.
Please refer below chart : daily time frame.
2) On 1 hour time we can see that it has been taking support from the parallel channel. It shows that it will remain in up trend at this moment.
Please refer below chart : 1 hour time frame.
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Simple Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
[SHORT TERM] BUY TINPLATE The stock is looking good to buy in the 230-220 zone for 8-15% profit.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
