KMEWKMEW showing good strength and crossed resistance level with decent volume. It seems it may take a new ride from hereon. 2185 is veru good support zone. Closing below this may change the view.
KMEW trade ideas
Knowledge Marine & Engineering Works Ltd. (70% upside potential)
Sector: Miscellaneous
WTF as we can see HTF structure bullish and price makes HH & HL pattern and face resistance from HTF counter trendline 1725-1750 around....
DAILY TF mitigation in HTF demand zone
LTF structure turns bullish n start making HL & HH....
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 1295-1325 as DAILY supply zone, 1675-1725 HTF supply zone....
so plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
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High Momemtum Microcap Stock!Hello Traders,
Sharing this daily chart of Knowledge Marine & Engineering Works, which belongs to the building sector, coming for a retest from its previous breakout level, and you can also notice the volumes on breakouts & up moves are much higher compared to low volumes on retracements, which signifies a momentum in an uptrend of a stock.
Can enter as and when there is a breakout of the trendline.
SL Price:
Below- 1245 (17%)
Targets:
T1- 2340
T2- 3180
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
