Filled my bags for a long... DYOR before any investement....
1. Multi year breakout with good volumes. 2. Cup pattern breakout with good volumes. 3. After breakout stock retested the breakout levels and retraced with good volumes. 4. Right angle triangle pattern breakout with good volumes on daily chart..
After forming a base of 3 years and breaking out of it forming another base of 41 Weeks of 30% range. In the past few weeks good strength is seen with good volumes. The stock moved almost 40%+ in just two weeks. What i would look for is small pause and then continue its move. Still 416 levels is to be watched for. A good contraction before this move is a good...
Kalyani Forge Analysis Fundamentals : Strong, showing improvement on profits, Fairly Valued! Technicals : Broken inclined and triangle bullish pattern R 1: 280 R 2: 310 R 3: 350 S : 220
Kalyani Forge is up and ready for as huge breakout soon
All details in chart.Monthly & Weekly breakout in Kalyani Forge. And also pullback almost over.Seems like good gradual increasing stock for long term. Invest in SIP mode or buy on dips to get your investment near to double.