KANCHI trade ideas
Very bullishKanchi 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 supportOn support at 485 and likely to return from here or little consolidation. Targets progressive 625 and then 925 in long term.
Crossed 1/1 Yesterday Kanchi has crossed 1/1 line on closing basis. If bullishness continues, a level of 910 can be seen in intermediate term
Kanchi bullishIf 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.
May reverse bearish trend in a day or two.Kanchi has gone below 1/1 support at 464 today, but it is likely that it will reverse the move immediately.
The UC is uninterruptedWith the uninterrupted UC's in Kanchi, the circuit being 2%, we may see a level of 950 by end September.
Kanchi Kapooram has a resistance at 423. But the fundamental story is intact and cadidate for long bull run
