The stock is trading below it's intrinsic value. Broke out today. Wait for retrace & enter with a target upto 480. Indicators confirm a upward movement is imminent. Fundamentals also support the stock well.
KEC LONG at 402/397 SL 388 . KEC AT PRICE TEST/Breakout retest level. If sustains 10% will be done within 15 days...!!! A beautiful Price action call
KEC looks good on charts. Broke out of trendline resistance. Target can be prior all-time high.
KEC International Buying range 407-410. Sto Loss : 395 target 430/450++
Stock is retesting its BO level and showing sign of reversal.
Bouncing from resistance turned support and also a downtrend breakout. Was bearish since few weeks and now ready to go up. Can be bought for a target of 440. Please Like and follow! Happy Trading :)
Previous All tgt achieved. stock moved from 367 to 436 and touched 486. KEC : cmp : 377.75 Now it is in support zone. we can expect a bounce back from here and stock may test ATH. So good to grab on dips. TGT 398/414/435/457/478 SL 348 Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally.
NSE:KEC is undergoing correction and and move that breaks the channel will set KEC in motion of bullish sentiment. Waiting paitently
the short term downtrend (weekly) can affect the trade. However, the counter seems oversold. New Position.
KEC International Ltd gains many bulk orders in this financial year 2021-2022. But due to the corona 2nd wave, it loses some momentum due to panic. But It is trading now at a good support zone. So I recommend BUY for KEC at 398.5 for a target of 410, 417,428,438,486 with a small stop loss at 386.
KEC International is probably forming a head and shoulder pattern.
Though it did on yesterday but forgot to post. Anyways you can maintain position size as per now.
RSI history of KEC is very reliable. If look at monthly chart up move started from low of 23-24 in 2012 and made high near 440 in Feb 2018. After that correction started and made low of 154 and at there its formed bullish reversal pattern of hammer on monthly time frame. Also correction halted at 0.618 fib level of 183 0n closing basis. Now breakout above 350...