KANCHI KARPOORAM LTD

KANCHI BSE

sabyasachi_nath

short term target 457

sabyasachi_nath

Last tuesday made a break out and closed above resistance line and the last week it played by the copybook playing around the resistance line and weekly closing was above the resistance. If it manages to close above this resistance at around 300 in this week we may expect a target of 590- 600 by August end

sabyasachi_nath

Target is 557, Double resistance between price range 345-360, support is at 304

sabyasachi_nath

It is above support and if turns bullish, maintain momentum, target of 666 is a distinct possibility in intermediate term

sabyasachi_nath

Kanchi has to hold the support at 322 for any further up move

KarenD

if 305 is broken then178 might b seen!

KarenD

resistance in at 463.5 and if that is crossed on closing basis, then 560ish levels might be seen. my stop loss would be 430.

sabyasachi_nath

Short term support is at 469, strong resistance at 570.

sabyasachi_nath

Support at 550, strong support at 500. Target 965

sabyasachi_nath

Kanchi has a broad support at 493, intermediate supports at 548, 598. Progressive targets are 665, 680, 773. But the grand target is at 975.

sabyasachi_nath

On support at 485 and likely to return from here or little consolidation. Targets progressive 625 and then 925 in long term.

sabyasachi_nath

Yesterday Kanchi has crossed 1/1 line on closing basis. If bullishness continues, a level of 910 can be seen in intermediate term

sabyasachi_nath

If Kanchi is able to close above 468 on closing basis tomorrow and remains bullish for a couple of days above the 1/1 line, then intermediate term target will be around 950.

sabyasachi_nath

Kanchi has gone below 1/1 support at 464 today, but it is likely that it will reverse the move immediately.

sabyasachi_nath

Support is at 450, target is at 930

sabyasachi_nath

With the uninterrupted UC's in Kanchi, the circuit being 2%, we may see a level of 950 by end September.

sabyasachi_nath

But the fundamental story is intact and cadidate for long bull run

sabyasachi_nath

Stop loss at 259, medium term target 388.50