SH Kelkar 2yr BreakoutThe stock has shown strength in a weak market
in the past couple of weeks. Notice the red doji bar in the last week.
Likely to attempt a breakout next week.
CMP:128.8
SL: 117.5 (on a closing basis)
TGT: 160,170
SHK trade ideas
READY FOR RACEBest Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
Follow For More Updates @prasanna09
📌Key Highlights:
🔺BO On weekly Time Frame
🔺Pole And Flag
🔺Vol. BO
🔺Dyanmic Support And Resistance
SHK looks good for long1. Support from bottom trendline
2. Resistance of 143 levels which has been tested multiple times
3. Good volumes seen at the bottom which might indicate accumulation
If the stock closes with a strong candle above 143 and the 0.38 Fibonacci level, can give good returns for short term
SHK Triangle breakout!!Take a trade after break out of trendline or breakdown below support with strict stoploss !!
Please comment for any query. Thanks.
SH KELKAR : BREAKOUT RETEST : LONG : SL 83SHK gave strong breakout after completing wave 4 triangle. It retested the breakout today on lower volumes. RSI is also taking support at the trendline. Once it gives closing above 94, it can zoom all the way to 122 in the coming days. Recent Q2 business update by the company is also good and projects a stable outlook with very low CAPEX.
SH Kelkar and CompanyPrices at support. However, the reversal was not bullish. Will update on trade opportunities
Likely to consolidate for 3 or 4 daysBy end of the next week an up move may come. Target will be 95-99 in say, one month time.
Long Swing Trade Idea #37 : Buy SHK Please do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback
S H Kelkar - Inverse Head & Shoulder patternNote: This is for educational purpose only.
There seems to be a formation of Inverse Head & Shoulder pattern with a surge in volume. RSI above 60 indicates bullish momentum.
SHKIt might break it's weekly resistance with insane amount of volume. Keep it on your watchlist and buy above 65.
S H Kelkar - Potential Bottoming out candiadateTriple divergence on the RSI.
Long with SL below 47.5
This stock too could potentially be bottoming out.
Be a little cautious about adding aggressively coz results are around the corner, but if the result is decent and management commentary is strong i will be adding this stock.
SH KELKAR - Swing Trade Idea !A short pennant formation is observed having important breakout levels of 238. Positional levels mentioned in the chart.
SH KelkarThe stock seems to be on the verge of giving a triangular break out on the daily and weekly scales, a confirmed break above which can see more strength being added.
S H Kelkar And Company LtdClear breakout happened and stock price crossed up 21 SMA. MACD showing a huge upmove. Funda not checked. Expert views are welcome...!!!
