Kopran is ready to breakout from 1 month of consolidation.
Price Volatility is contracting from Left to Right creating a Volatility Contration Pattern.
Buy Range: 204-234
SL: 8% max
Target: 15%
Note: Not a SEBI Registered analyst.
Take the trades at your own discretion.
Stock has history of moving in Flag and Pole Pattern.
Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.
Flag breakout area is around 195. ENTRY ABOVE: 195
So Target should be 195+133 i.e 328
Stop Loss: 168.8 (Weekly Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 Years
People who...
Stock has history of moving in Flag and Pole Pattern.
Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways.
140 can become good accumulation zone with Stop loss of 120.2
Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243
Duration : 1-2 Years
Fundamentally 230 looks Fair Valuation in fact if...
The chart is self-explanatory. The technical setup is perfect for Kopran some good business will send the stock prices to Jupiter.
It has Broken out of the resistance line from 2007, with a good volume. 1 to 1 equality with consolidation range gives us a target of 950+ in the long term
Stock of the Week: #Kopran
Entry Price: 175
SL: 108
Position Sizing: 10%
Reason: Closed above 21 years high with a 234% increase in monthly volume.
NSE:KOPRAN
NSE:KOPRAN Levels are Mentioned in the chart... Look for Swing
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for...
