📊 DETAILS
Sector: Compressors / Pumps
Mkt Cap: 4,549 cr
Kirloskar Pneumatic Company Ltd, incorporated in 1958, is part of the Pune-based Kirloskar group. The Co. is engaged in the business of Compression & Transmission segments. It also undertakes O&M services for Compression Packages and has also entered logistic services by operating RoadRailer trains for...
Price was in the range of around 200 days
Tested resistance twice and given breakout with good volume
good consolidation near resistance and finally given breakout with good volume and bullish closing
Dip can be a good opportunity to buy
#Manage your Risk #For learning only
kirloskar Pneumatic Chart Analysis
Stock at All Time High
Always By Near Support As per Chart
Book Profit Near Resistance As per Chart
If any Help Require msg me
Kirloskar pneumatic continues to surprise on the upside with strong momentum. Buy with a stop loss 550 for longer term. Short term Stop loss is also marked but is not recommended. Beautiful Setup.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
- After touching high of 390 stock corrected to 360 odd levels
- After a months time further BO seen at 390 levels
- Good to buy considering Price Volume action
Concerns are
spring failure and bearish monthly macd
A change of character which will convert the current resistances
into support, and will leave the support of the trading range , which presently the price action seems married too...
Also consistent rally on volume with good demand bars, will be the qualitatily appearance of change of character, signifying,...
