KSCL looks bullish in medium term to long term. In weekly, price bounced from ascending channel support and moving towards the channel resistance.
sl - 525 tgt1 - 705, tgt2 - 740.
KSCL trade ideas
.made a beautiful rounded bottom pattern but the up move could not sustain as major sellers are at the price of 770. fundamentally it has not given good quarterly result, that also count for its fall. 47 2 was the low made on the previous quarterly result day, but amazingly ignoring all the things stock went up only to fall. , it may not fall immediately, it may temporarily take support around 500 . so watch out for the price action
one can buy for the target of 590 still it is not a strong buy , so price may chop around, but slowly price may rise upto 590
KSCL - Rounding bottom on Weekly chartsShowing good momentum since last few trading sessions.
Round bottom formation is in progress on weekly charts.
stock is currently trading at 50% Fib Level, If it sustain above that, One may go long in stock at CMP 695 with a SL below recent swing low 640
Final target is 1080 with intermediate targets of 776 and 907
Possible side ways ahead on KSCL I have two different views on this stock
01)The stock turned bullish this week and showed strength , but to consider further up ward the stock has to under go for correction till 650/660 then further up move will be valid
if stocks makes sudden up move then it will be short lived , can turn down form 740/750 range towards Major corrective range
02) if stock slides towards the center bull channel then its possible it will take for couple of days to slide then it can move after digesting the over bought condition and can move to touch 800+ in couple of weeks
Lets see how it unfolds
KSCL - CHANNEL BREAKOUT It is been observed on the minutes chart that the price action breaks out big from a channel and shall further go higher.
Target- 702
Target 2- 707
SL- 690
Possible Correction about to start in KSCL I am not an Elliott wave trader, but i have tried to recognize and try to place informative tool using tools in Trading view ,
If my understand is correct , the price is about to start corrective wave ,
This chart is for educational only , Not an opinion or decisive information
Regards
KSCL - Looks Healthy!Rounding bottom pattern is complete with high volume and healthy candle. Close above 685 will make the price move towards 700, 720 and 730.
KSCL Go long in KSCL with immediate sl of 635 for the first target of 664 and 2nd target of 675 NSE:KSCL
KSCL - Investment Stock!KSCL is forming a rounding bottom in weekly chart showing the stock is bullish. Every pullback is a buying opportunity.The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend. I expect this stock to reach 750 levels is one year. Consult your financial manager before investing,
KSCL ideaprice may go down up to 61.8% at 490 level which may act as a channel support
let's see......
KSCL Make or break situation...Currently stock trading at 522; the movement is very scary if it breaches the trendline support. However if it doesnt it could see a good rally . Im of the view KSCL should trade in deep red today can target 512. Trade is for 24th May 2017. Happy trading
KSCL - May 24 Day Trade!Buy above 527 with the stoploss of 524. Targets are 531, 535 and 538. Sell below 523 with the stoploss of 526. Targets are 519, 515 and 513. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price action for 15 to 30 mins. This trade is valid for May 24, 2017 only.
KSCL Long on short term Holding I am looking to buy only Close above 542 with stop 540 for Target of 565 , this trade should be with in 2 to 3 days holding
Regards
kaveri dual look on daily chart it looks as if it is going to correct , but on weekly chart it is showing bottoming out, may see some pull back downwards and expect the stock to take off .
kaveri seedstock was in bear grip from 1075 to 300 in the past 2 years
base formation took place in the band between 325/470
in that process stock has made a double bottom also (weekly)
broken out of the range and now in minor consolidation mode
expecting the trend to resume soon to the mentioned levels
Kaveri Seeds - breakout from triangleKaveri Seeds has given a breakout from a triangular pattern on Daily charts. Buy at around 445 levels on retracement
Identifying the Area of support & Resistance Many have different theory of support and resistance , but in Price action trading you can understand very clear indication of price braking the resistance ,
Normally resistance have to be broken by big candle , the amount of force require to overcome sellers in particular area requires lots of buying absorption, in other words when institutional want to push the price high then they have to buy all the stocks which are forming the resistance and have to overcome all the seller and push the price high ,
Once the price is pushed to high absorbing all the buys from small or week sellers now that area becomes support until institutional sell off their stocks , and in other words the trend of institutional is about to start once they brake resistance and retest the resistance as support
in this chart you can view the Big candle braking the Previous resistance and taking the price to one step level or 2 standerd deviation ( which is used by indicators in B B, don chin channel, RSI , Stochastic , May oscillators ) once the price reached to 1 step level they cool off the buying and letting the people off the stock and price will come down to area where the resistance have been breached and it is now called as support .
i hope my small brief would help to identify the Support and resistance
Regards
The price is heading towards the support Zone one can look for short selling for day with stop above the previous day high
KSCL Long for Short Holding Friday closing id Doji with low volume , the stock has tested its resistance after braking out and its ready for take off , Lets party , if the price opens or close above Friday high then you can expect the stock reach 600 in Week with stop of 535 , and you can expect to see higher high , but failed to hold CMP and brake the 535 Then you can look downward
Cheers
