Long Kellton tech
Accumulation going on; About to breakout;
Strong rejection of recent down move effort by sellers; showcasing strong demand;
Levels shown on the chart;
Views invited
Kellton tech is slowly moving in rising channel with higher top higher bottom.
At current price of Rs. 111, it is touching the lower line of the rising channel. If higher bottom is formed at current price and is MACD signal forms the cross then next could be higher top on upper side of the channel.
Keep watch for next 2-3 days and if right pattern emerges then we...
It has been observed that the price action was trending down for a while and now reached at the strong support zone and formed a double bottom indicating a strong reversal from current levels.
T1- 150
SL - 95
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KELLTONTEC
