After an impulsive rise followed by a long term correction stock has give a breakout of the long term downtrend line & is trading in an impulse channel. The current wave can be a 3rd wave. As of now one should buy the stock with SL of 149 for tgt of 329/380 zone.
Entering utopian zone. Support 175, target 300 in intermediate term.
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This scrip was posted on 9th July afternoon and it given returns of 26% returns in one and half trading session. I hope all our followers had benefited from this post. Kindly like and share it to all your friends and needy people. Thanks to all...
NSE:KITEX NSE:HPL Note: Tomorrow No ideas/calls sharing by me: The reason is: Each day I'm Spending lot of time to R&A. But, Its not clear to me on this trading view platform that the ideas shared by me were useful to you or not. If you all feel its profitable and your answers is yes, reply with "YES CONTINUE" in comment/message. According to the response,...
NSE:KITEX Looking good @ CMP levels marked on chart. Resistance level can be used as SL in case of market fall
Double bottom formation on weekly TF after a solid downtrend is enhancing the probability of reversal of trend. Along with it aggressive buying activity is inviting more buyers. Keep on radar! Keep learning! Keep supporting!
The stock was consolidating between 100-118 from the past year in the weekly time frame. Recently stock closes above the 200 MA. Position can be taken above symmetrical triangle BO.
buy KITEX.. WEEKLY DIAMOND PATTERN BREAKOUT SEEN. SHORT TERM TARGET WILL BE 170
Kitex is at it's 1 year high. Let it retest it's breakout level then we can create position in this stock.
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PRICE IS TRYING TO BREAK THAT LEVEL BUY FAILS ...THIS TIME IT HAS BROKEN THAT LEVEL...OBSERVE AND TRACK THIS BREAKOUT IF IT SUSTAINS AND STARTS TO TRADE ON THAT BROKEN LEVEL MAKING IT AS SUPPORT THEN ..CAN SEE GOOD UPMOOVE TO THE NEXT RESISTANCE..
Good to add near cmp to till 122 SL below weekly supertrend 93 TARGET 2x
Its just an analysis by the acquired knowledge from TT Team
KITEX Bullish Trend Alert impoertant level consolidation breakout