KALYANIFRG trade ideas
Multi year Cup pattern breakout1. Multi year breakout with good volumes.
2. Cup pattern breakout with good volumes.
3. After breakout stock retested the breakout levels and retraced with good volumes.
4. Right angle triangle pattern breakout with good volumes on daily chart..
KALYANIFRG - Weekly Chart AnalysisAfter forming a base of 3 years and breaking out of it forming another base of 41 Weeks of 30% range.
In the past few weeks good strength is seen with good volumes. The stock moved almost 40%+ in just two weeks.
What i would look for is small pause and then continue its move. Still 416 levels is to be watched for. A good contraction before this move is a good sign that indicates strength.
As per the fib based trend 459 - 560 - 690 levels are the levels that can be tested in future if it sustains above the supply zone. (308-375) and if it manages to close below this then this view stands invalid.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Kalyani Forge _ Bullish breakoutKalyani Forge Analysis
Fundamentals : Strong, showing improvement on profits, Fairly Valued!
Technicals : Broken inclined and triangle bullish pattern
R 1: 280
R 2: 310
R 3: 350
S : 220
KALYANI FORGE:BREAKOUT OF CUP AND HANDLE and ASCENDING TRIANGLEKalyani Forge is up and ready for as huge breakout soon
KALYANI FORGE_LONG TERM BETAll details in chart.Monthly & Weekly breakout in Kalyani Forge. And also pullback almost over.Seems like good gradual increasing stock for long term. Invest in SIP mode or buy on dips to get your investment near to double.
