KPIL (1D TF) - Swing Trade Analysis given on 7th April, 2024
Pattern: ASCENDING TRIANGLE
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Will look at a partial entry at the break of the Resistance and pyramid into if it moves up quickly
- However, if there is a retracement from the Resistance then I will average into once (if) the...
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Kalpataru Projects International Ltd
Target: RS 1250
CMP: RS 1186.95
ENTRY RANGE: 1175-1200
STOP LOSS: RS 1160
Disclaimer: I am not Sebi Registered.
-All Time High + Strongest Resistance Breakout
-Consolidated for long and formed base before another potential rally
-high volume
-above all crucial levels and EMA
Kalpataru power now known as Kalpataru Projects International Limited (KPIL) has given weekly breakout of inverted head and shoulder pattern. A similar pattern is seen in SBILife whose idea was shared earlier
This is a strong signal of big uptrend in the stock from the technical analysis perspective. Energy sector is looking bullish to support the uptrend.
One...
Analysis:
Current Price: ₹1107.45
Breakout: Price recently broke above a resistance level at ₹1040.60 (marked by the yellow line on the chart).
Long Entry:
Confirmation: If the price sustains above the breakout level (₹1040.60), a long position can be considered.
Alternative Entry:
Pullback: If the price pulls back and finds support at the previous...
📊 DETAILS
Sector: Transmission Towers / Equipments
Mkt Cap: 11,449 cr
Kalpataru Power Transmission Ltd is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation.
TTM PE : 23.95 (High PE)
Sector PE : 20.38
Beta : 0.42
📚 INSIGHTS
Mid-range performer...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
The stock is in long term uptrend. In weekly timeframe, it formed two bullish patterns, viz. Ascending triangle and inverted head and shoulder. The stock has good volume spikes in the accumulation phase. As today is the last trading day of the week, in the End-of-day, we can also see confirmation to buy as it is forming bullish pivot. The RSI is now near 60,...
Buy KPIL stock at a price below 650, and set a stop loss at 598. If your risk appetite allows, you can set the stop loss below this level. The target should be based on where you place your stop loss, such as a 1:1 or 1:2 ratio.
"Follow this profile for more swing trades like these to ensure you don't miss out on profitable opportunities."
Remember
"The key to...
getting ready for big up move enter on correction in range 680-685 stoploss 620 closing bases target 150-200 above entry point . view fails on closing below 620 levels .
Kalpatru is already in all time high zone in the monthly chart. If you had miss that then this candle has given a break out above the highest all time high level. Volume in weekly chart are very good. RSI is above 60 showing good Momentum and strength. Monthly chart RSI is also strong.
