#KNRCON Big BO from FLAG & POLE Pattern#KNRCON Big BO from FLAG & POLE Pattern on Weekly/Monthly charts.
Details provided on chart.
KNRCON trade ideas
KNR Construction Buy above 350KNR Construction is to give weekly breakout above 350
Buy above 350 and Target for 400
KNR Construction - Breakout after 3 years of consolidation3 year range breakout with a buildup
20 EMA has also caught up with the buildup
Decent volume on breakout candle
First entry around 300 & add more around 280
SL below 235 WCB
My Weekend picks 20/11/20These are breakout stocks which can perform good in near term. Buy on weekly closing basis.
KNR CONSTRUCTION 350 POSSIBLE TARGET Its been consolidating since 2017 and recently it just broke its INVERTED HEAD AND SHOULDER "NECKLINE".. NEXT POSSIBLE TARGET IS 350 .
EDUCATIONAL PURPOSE ONLY
Knr Construction - Breaking out with Multiple Indications.We can clearly see in this chart that it has been respecting a longer term trendline (Weekly). Already tested it multiple times and finally breaking out after a halt near the trendline.
Some key points to learn:-
1) Breaking out after a halt near the trendline.
2) Breaking horizontal resistance too which is exactly at the breakout of trendline.
3) Breaking a psychological level too. (Round Figure of 300) .
4) Closing is good near its highs with good volume and it has given closing above 300 after a long time.
Daily chart for the reference:-
We can clearly see the consolidation in daily chart near its resistance and look closely at the volumes too.
Finally the potential target :-
I hope this will help .
Cheers and Happy Trading.
Bullish Pennant FormationA bullish pennant pattern spotted in KNR constructions. Watch out for a breakout opportunity.
KNR Constructions Ltd: Momentum trade setupKNR Constructions Ltd: Momentum trade setup. Increasing buyer participation and institutional interest. Trending above short medium and long MA's. Happy trading folks NSE:KNRCON
“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
Meaning: A quote to remind you to focus on getting the trade to work first! Money is the reward, an outcome of a successful trade. Thinking solely about the reward will cloud your judgement.
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Go long on KNRKON Elliott wave analysis.KNRCON is in uptrend, after wave one along with a corrective pattern it should start a fresh to begin wave 3. wave 3 will be the biggest and longest wave. look for it get a good profit.
keep an eye for targets of 295, 325! there is a resistance @272!Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
KNR CONSTRUCTIONSNews(Catalyst) : KNR Constructions receives sanction from bank to finance HAM Project worth Rs 1,234 crore
buy above 209
target 214
RSI showing upward momentum
increase in volume important
KNR constructions-Back in actionBuy range
318-325 (add till 310)
Target
340
360
380
400
SL below 299 CBSL
KNR Construction - with focus on infra, should we go long?The stock seems to give a descending triangle breakout with a high volume at the start. Currently the volume is less than average and the stock has corrected a bit but has managed to hold on the support line of Rs 302. Is this stock a candidate for long term hold or has it run out of steam?
Should we book the profit or hold (and expect it can withstand the small cap/ mid cap sell pressure which we are seeing since last 7 days)?
It had given a "rounded bottom" trend reversal and have moved 50% from the level of around 210 to Rs. 300.
I am new to charts and would request feedback/ correction to my analysis.
thanks in advance.
