Kalyani Steel Multiple FactorsKalyani steel shows Cup-Handle. Along with Triangle breakout.
Fundamentally its a good company and seems to be demand for Steel is picking up.
Levels explained in the chart
KSL trade ideas
KSL:Technical Rating: 95%; Fundamental Rating: 90%; Overall 92.5Bullish: KSL:
Market Cap
₹ 1,031 Cr.
Stock P/E
9.43
Book Value
₹ 233
Dividend Yield
2.12 %
ROCE
18.6 %
ROE
14.6 %
Face Value
₹ 5.00
EPS
₹ 25.0
Industry PE
13.7
Debt to equity
0.05
Pledged percentage
0.00 %
Promoter holding
64.7 % (Constant)
PEG Ratio
0.92
Technically : Symmetrical Triangle Pattern on Daily Chart.
Breakout above 259.05
Target : 280, 333, 469+
SL: 190
Risk is yours and Reward is too yours totally.
Long KSL Cup and handle breakout along with hugh volumesBut above 259 for target of 272
SL as per comfort below resistance zone ( Marked Green ) around 244
KALYANI STEELKalyani steel :- Price reached the weekly/Daily supply.
Now we have Pin bar on daily chart. We can enter short and target around 185 area.
Kalyani Steel - Potential breakoutWhile everyone is focused on Tata, JSW & JSPL...
Kalyani Steel is silently moving and doing its thing. The company is debt free so a bottom of a cycle doesnt hurt it with interest payments the others are suffering with.
The company also is sitting on 280cr cash while only having a marketcap of approx 800cr.
Long above 185. SL below 175.
KALYANI STEEL Testing channel resistance.NSE:KSL
Testing Channel. Break out from a previous bearish channel is observed entering a new sideways channel. If breaks either support or resistance of the new channel, good movement could be observed.
KSLKalyani Steels:
Resistance = 324
Support = 302.90
If close(Weekly) above 324, Target would be 401.40.
If Close(Daily) below 300, Target would be 263, 245.20, 205.
Buy Kalyani Steel The KSL has given breakout from channel line with higher volumes. The stock is also making higher top higher bottom formation from 3 sessions.
Kalyani Steel CMP 417
Metals shining , so KSL will participate , long with a 472 above that just hold for a year for 2-3 x . just a simple look stockdada.com
KSLKalyani Steel Trying to Breakout of from a Ascending Trigular Pattern
Remain Positive till stock is trading above the trendline.
Close above 425 can take this stock 450/470
Small SL close below 409
Kalyani Steels - Hidden Bullish Divergence - Not Hidden anymoreJust look at KSL forming a text book bullish divergence on both MACD & RSI. Pick up this stock now and watch it go up!
With infra & housing in demand, KSL is one of the major beneficiary who will supply steel products to these sectors.
Please support and let me know your thoughts
Kalyani Steel: Looks Set For a RallyPrice has been through a corrective phase. A move past 353.5 would trigger a bullish sequence of higher highs & higher lows. This breakout would also trigger a buy signal in Point-And-Figure chart.
Am expecting a quick spike to 400+ in this one, if 353.5 is taken out.
