NSE:KAKATCEM DOW Theory: Swing High Low: Higher High & Higher Lows : Continue : Up trend. Parallel Rising Channel Pattern, Bullish Engulfing Candlestick Pattern Latest found as 2 candlestick pattern. Bullish Belt Hold Candlestick Pattern Latest found as 1 candlestick pattern. Breakout above Swing High: 158.40 Target : 173, 237.90+ Stop Loss: 144.40 Risk...
KAKATCEM has formed ascending triangle pattern on a weekly chart. Volume has dried up as the stock is reaching its apex. A decisive move above its upper resistance trendline accompanied by volume will take stock towards 525-550 zone. Pattern failure below upward sloping trendline on closing basis.
In daily, ascending triangle formed , breakout happened with good volume
Reversal Confirmation CCI>100 on D CCI> -100 on W Target 450, SL 360 Volume interest
Stock moved after good consolidation. Target 400/440 SL 340 On closing
KAKATCEM has found Support on Median Line. Upside can be expected
NSE:KAKATCEM Buy Range - Rs320 to Rs345 StopLoss - Rs295 Target 1 - Rs408 Target 2 - Rs475 Time - 6 Months