The stock is forming a cup and handle pattern on daily time frame and the crucial support which was tested recently is intact moreover the stock can rally till the 297 in order to complete the handle . short term positions in the stock can be quite favourable and rewarding
TARGET 1 - 297
TARGET 2 - 372
KNR Constructions Ltd
KNR Constructions Ltd, incorporated in 1995, is engaged primarily in the construction of roads, bridges, flyovers and irrigation projects.
Financial:
Market Cap ₹ 7,783 Cr. Current Price ₹ 277 Stock P/E 14.1
ROCE 20.8 % ROE 15.5 %
Debt to equity 0.25 Promoter holding 51.1 %
Quick...
KNR construction
price is at 200 day EMA and also testing neckline of previous rounding bottom
MACD 12-26 crossover
momentum is yet to set in ...can accumulate at current levels
KNR Construction is in a parallel channel which is making HLs. Any breakout above the channel will lead to 30% move.
NOTE: I'm not a SEBI REG. Study before investing.
- Knrcon is currently a C+ OR B type setup
- Do not initiate any entries as of now
- Wait for a perfect setup to form entering imbalanced setup can leak your gains for no reason
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to...
NSE:KNRCON stock is break the symmetrical triangle pattern.
Buy entry is break and sustain above the 306 level.
Target 1 315 to 320.
Target 2 330 to 345.
Target 3 375 to 385.
Target 4 410 to 435.
stop loss break and close below the price level 250.
Long KNR constructions
CMP 265
Triangle breakout with good volume.
It can be fake breakout
So,
Buy Above 277
Stoploss 226
Swing Trade
Target 1 299
Target 2 310
Long Term
Target 1 317
Target 2 339
In weekly timeframe, stock forming a bullish pennant pattern. Stock bouncing from 50EMA and RSI is at 59, which is about to cross 60. The stock was seen with good volume in previous couple of months. The first concern is that even if RSI crosses 60, it is important to wait and should be bought only after retest confirmation. This is to avoid trap of fake...
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📌TRADE ANALYSIS OF KNR CONSTRUCTION:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks...
