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 CONSTRUCTIONS (1W TF) - 21st Jan, 2024 Pattern: FALLING WEDGE BREAKOUT - Trendline Breakout - Done ✓ - Weekly Volume Spike - Done ✓ - Retest & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #KNRCON
Reason for long a) Mr.14 set up b) Triangle breakout c) volume spurt d) weekly breakout e) SL compulsory f) good risk reward zone
Trend line shows entry & exit good volume & business only for education.
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
Reason for long a) Fundas are good b) under valued stock and value pick for long term investment upto 1 year c) upside potential of 40% d) Triangle breakout possible above 280 level and howsoever, the potential discount price levels are 200 level and 150 price zones for long term investment. e) Currently price is in trading range and entry only after 280 day...
Buy in Chunks between 285-270 SL-Closing below 252 Target-320, 330,340 *Note-Only for educational purposesc
KNR CONSTRUCTIONS LIMITED- Weekly chart After 2 Years correction trend line Breakout happened. 02/12/2023 Swing trade CMP 285.60 Stop loss - 188 Target 330, 362, 460, 620
Reason for long a) Consolidation breakout b) triangle breakout c) QQE support d) super vwap breakout e) volume spurt g) SL compulsory
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.
KNRCON is broken Day resistance 290 is right place to buy. And Target is 325.
#KNRCON (W) - Strong Breakout Candidate - Sym. Triangle Pattern BO - Trading 52 weeks’ High - Strong Bullish Momentum - Massive Volume Buildup - Looks ready for 330/360+ - TF ≈ 3-4 months #Investing