Just placed my idea in Position drawing.
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Can go more upward.
Note: Please book your Stop Loss after Candle Closes (avoid SL Hunting).
Grey : Entry
Green: Take Profit
Red: SL (close basis)
Stock has given breakout from its previous resistance level of 486 (1.618 fibo level), after 2 failed attempts, with good volumes and closed above that level. One can consider long position with SL 435 on weekly CB, for target of 650 (arrived from fibo level) and above, with 1:3 RR.
Results to be announced next week.
Kindly do your analysis before initiating trade.
CMP: 452
Weekly chart.
The stock is consolidating near ATH.
It has made a W- pattern.
Support has been mentioned in the chart.
It can head above 560 if it manages to hold this support.
NSE:KEC Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose......
NSE:KEC
KEC International - Forming a Double top.
Expect a Reversal at 453 and expect to reach 380 within 20 Days
Disclaimer - Its not a recommendation
KEC INTERNATIONAL broke out of trendline with super volume burst. stoploss and targets are marked on the screen. first target will obviously be the 52 week high and later on followed by the fibonacci levels.
it break all time high than retracing..
one may eye and if see opportunity of positive upmove with b.o.
, which at present facing resistance and retracing.
for long term only.
many stocks are breaking and going up .
but on all time frame chart indicator overbought levels.
but some like this still have space.
one can look these condition eitherway.
decide on ur own.
BUY : 390 TO 339
TARGET : 578
LONG TERM TARGET : 925
Reason For Buying This Script :
In this script it has formed cup & handle formation in monthly time frame , Now it is waiting for handle breakout.
So we can go for try to buy at lower levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to...
