Cup and Handle breakout in Kaya. The volumes have spiked massively in this counter. Additionally on the weeklies too it looks good. Long at CMP with a SL below 320.
A deformed cup handle with a clear Gann ascending angle break out could be a deadly combination. My take out is a level of 400 (398 to be precise) in the intermediate term. I will not be surprised to see the level in say a month.
Great price action is seen. RSI breakout at these levels. Targets of 275,300 can be seen.
As discussed yesterday
Disclaimer... invested for some positional trading, but not for the longer term.. There might be a big correction back to sub1k levels coming by the end of this year., which is most likely the entry i will be doing for the longer term ... Having said that... i am bullish on the prospects of the business... here is a fine compiled report from dolat...
Stock in ranging movement .....and currently at best support area...cmp 985 go long for 1200
Looking very good for investment. For medium term target 1500+ rounding bottom and triangle breakout. will lead to sharp upside Happy in Investing.
In daily, price bounced from trend line support with good volume, regular bullish divergence formed here, also BB is expanding and candles are riding the upper BB also in weekly, good probability for round bottom formation sl - 845, tgt1 - 1100, tgt2 - 1180
CMP 940Rs Stock likely to enter strong Support Zone & So Look 4 Dips With 3-6Month View Buy Around 915-920Rs With A Stoploss of 890Rs
Closing in a tight range. Can blast any time