Kanchi 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...
Kanchi 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 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.
down 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
This 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.
This 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.
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
