KANCHI KARPOORAM LTD. BSE:​KANCHI

Support at 550, strong support at 500. Target 965

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.

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

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

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.

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

Support is at 450, target is at 930

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

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

Stop loss at 259, medium term target 388.50

Stop loss 251 target 376 in medium term.