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KINETIC ENGINEERING LTD.KINETIC ENGINEERING LTD.KINETIC ENGINEERING LTD.

KINETIC ENGINEERING LTD.

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KINETICENG trade ideas

possible 20 years breakout candidate KINETIC ENGINEERINGKEL is the flagship company of Firodia Group of companies. It manufactures auto component, mainly shaft, gearbox assembly and transmission gears. Incorporated in 1970, Kinetic Engineering Ltd manufactures and supplies automotive components. As per charts we can see the price has been in sideways since 2005, and is now attempting to breakout. Internal structure wise we can see HH HL formation with RSI in support showing bullish sentiment. This stock has now started to outperform Nifty50.
BSE:KINETICENGLong
by TechnicalAnalystSucrit