KANCHI trade ideas
Kanchan International Ltd. - Breakout done
- Retest levels 950 - 970
- Stop Loss below 850 DCB
- Consistent Sales Growth
- Increase in Promoter & FI Holding
KANCHI KARPOORAM LTDClear rounding bottom with fresh volumes.
Targets(T1, T2, T3 & T4) mentioned along with expected time frames. Stop loss marked as SL. Can achieve better targets, should carry trailing stop loss once in good gains. Also keep tracking quarterly results to monitor performance.
Operating leverage should lead to margin expansion and sales should be better in Q3.
Disclaimer: No recommendation
Kanchi Karpooram breakout indicationKanchi Karpooram has been in the down trend for quite some time and post which it went in the Accumulation phase for almost more than an year now. Recent move shows it might break on the up to give some good positive numbers.
Recently it has been attracted by huge volume and it seems it is moving out of the Accumulation zone so need to watch it for the breakout move as the downfall is limited. For huge movement 530 will act as first resistance although it had tried crossing it twice but had failed but the third attempt usually breaks it. So my levels after that would be 531-618-652-734-781 and more with the base levels of 411-380.
Downside seems limited but the sky is open from these levels based on chart pattern. If the Fundamentals are good during these period then it can give such good move.
No recommendations, just my view based on chart pattern.
Kanchi Karpooram Northward indicationsKanchi Karpooram Northward indications
Stock has been on a down trend since long time and with the current chart pattern it seems to be forming a double bottom pattern with the levels of 375. Also on the up from the Bollinger bands levels expecting some move till the upper Bollinger band levels with the levels of 525-614-665 only if good volumes and market conditions sustain. Its with the base of 317.
No recommendations, just my view based on chart pattern.
Kanchi Karpooram near 200 MAKanchi Karpooram near 200 MA.
If it crosses with good volume can see good upmove on chart. Had been moving south for long time frame.
If moves up can look for 520-617-666-724 levels and more if market sustains.
No recommendation, just my personal view based on charts.
Kanchi karpooram longKanchi karpooram long
Seeing an upmove after long lown move. Currently at strong support level per chart pattern.
Need to break resistance zone marked in chart.
No recommendations, just view.
Double Bottom with positive Divergence!Great Setup.
Good Consolidation.
Positive Rsi Divergence.
Most IMP-Low SL.
Kanchi Karpooram #stockmarketdown almost 60% from high, available at p/e of 8
done capacity expansion of 48 cr
promoter holding at 50%
roce at 25%
low dividend paying company
price to sales at <1
smallcap company with market cap 250 cr
Kanchi KarpooramThis idea was discused by me previously at 800-810 odd levels it made high of 877 , now as we witnessed a steep correction it had able to sustain its chart structure. It's ready to give breakout of an ascending triangle pattern.
KANCHI KARPOORAMThis stock have great fundamentals and at present made a tripple bottom and also trying to give breakout of descending triangle patterngood stock for patient investors.
Kanchi Karpooram - Head & Shoulder PatternKanchi Karpooram is forming a Head & Shoulder pattern
Warning!!
KANCHI KARPOORAM LTD. - STOP LOSS NEARBYKANCHI KARPOORAM LTD.
Bearish Downtrend Channel
Stop Loss - 695 on Closing basis
Above resistanceLast 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
May start up moveIt is above support and if turns bullish, maintain momentum, target of 666 is a distinct possibility in intermediate term
very disobedient chart!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.
