Let's assess the maximum drawdown this stock has given in the past from its ATH
24.10% since oct '23 - twice.
39.5 to 44.53% between 2021-2023 - 3 to 4 times
Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick...
Cup holder is a bullish pattern. Cup height is the usual target & it could even rise above that.
Since KSL was listed, it has formed 6Y base & it rose around 145% from breakout. Did Fib retracement for the recent handle from top to bottom. Now another 6Y has broken out & so far reached 80% which is fib level 261.8% of the handle top to bottom. If I project to...
KSL – CMP 775 | Date 13Feb 2024 – Flag pattern formed, the stock is trading near its recent highs, which reflects strong buying momentum in the short term, concentrate above 780 with the target of 800 and 825
#KSL trading above Resistance of 702
Next Resistance is at 1079
Support is at 469
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#KSL trading above Resistance of 571
Next Resistance is at 702
Support is at 427
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Now trading in uncharted teritory
Today has given fresh range breakout
Relative strength positive
RSI above 60
Trading above all EMAs
Undervalued company
Looking good for positional
After along base of almost two and half years the stock breakout with good volumes.
Retested the previous resistance (413-469) which acted as a support.
Formed abase of 16 weeks of 25.5% range and it breakout of it too with good volumes.
Volumes were dried during the base formation and stock is now above all its key moving averages.
Now 530 shall act an...
BUY KSL PRICE @ 479 15% ROI EXPECTED
Buy1 cmp entry @479
Target 1 @557
ROI 1 @15
Buy2 Pending entry @312
Target 2 @557
ROI 2 @78
Our Unique Features
—————————————————————
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to...
Kalyani Steels. Fundamentally Good small cap company with good dividend yield in steel industry. 6Y base formation. Cup and handle pattern. Monthly breakout. Daily breakout retest completed.
Disclosure: Holding and increased position.
The stock has closed above it's ATH yesterday. Buy above 482 and carry on weekly closing basis only for positional 5-7% move.
Learn & Earn,
Dr. Tanya Kumar
Kalyani Steels Cup & Handle Breakout.
Disclaimer: Please note that the stock chart idea provided is for informational purposes only and not intended as financial advice
