1st area of support 850
2nd area of Strongest support 798-805
View negates below 780
Wait for proper buy candle or 1st HH HLs to be made
Target will be 4 figures in coming few months
Stock is rising in an impulsive manner and from the highs of 588 stock has completed an expanded flat correction. After an expanded flat correction the post market reaction is sharp on the upside. Hence, one should look for buying opportunity in the stock for the upside target of 625/650.
TRADING STRATEGY:
STOVEKRAFT: BUY ON CMP (579) SL: 550 CLBS TGT: 625/650
CHART -> Stove Kraft DAILY SETUP
One can keep Stove Kraft in radar, for trendline breakout and RSI breakout.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
STOVEKRAFT has been in a nice uptrend and it had made a high of 1017 on 30.08.21. Since then it has pulled back to the 20 EMA and has formed a continuation bar today. It seems that it is poised to continue its upward trend and possibly make new highs. A long trade can be initiated keeping the following levels in mind. Only initiate the trade if price sustains...
STOVE KRAFT: Very nice impulsive move , buy on any dip near 730 keeping a SL of 680 & hold for the tgt of 960 . Long term investor should hold for higher tgt of 1100-1200 .
![STOVEKRAFT: [Beginner Eye] Is it getting read for next breakout?](https://s3.tradingview.com/k/k0mxZe0Q_mid.png "[Beginner Eye] Is it getting read for next breakout?")
