KEC trade ideas
KEC Intl... falling wedge playing outA falling wedge playing out
R1 295
above 300 stock may do 350
Negated below 265
KEC international- on wave 4 correctionon wave 4 correction after hyper extended wave 3
Disclaimer..not invested, tracking this diversified infra theme
not an investing/trading recommendation
#KECStrong fundamentals
CCI(D/W/M) >100
ATH > 395
Target 451
Enter on all dips and retracements
Duration 2-3 weeks
SL: Buy on dips
KEC Near Channel Up breakout For Mid-termThis stock trying to breakout channel, if close and hold above CSR, shortly it will make higher high 373-424 for Mid term. I am not looking for Long term, if hold for long term try to take profit partially then again accumulate on Higher low level.
Time Duration 6-9 months, levels are:
R1 R2 R3 R4 R5 R6 R7 R8 R9
322 337 351 359 373 396 410 424 433
S1 S2
314 286
Cheers!
KEC INTERNATIONAL, LONG, T1-330, T2-350, STOPLOSS-290Share is moving in a channel ,making higher highs and higher lows(with comparatively very less volume). This indicates that Share is moving in uptrend (In monthly graph ,it can be seen that Primary Trend of the share is Uptrend).
While making latest Higher high and Higher low,share has formed Flag Pattern with Fibonacci retracement of 0.618. After this formation, Share price will rise and it will make new high now. (As share has formed Hammer Pattern followed by Doji at the end of Flag which indicates upcoming uptrend). RSI is also supporting price rise.
Share is also very good for long term investment purpose .
lets see In last 19 session stock has run from 171 to 216, on 30 mins chart it seems like it has not stopped yet.according to the chart the stock looks like has made support at 208.lets see whether it can hold it or break it . target for next 5 to 7 session is 235 to 240.
KEC InternationalFundamentals-
1)Market Leader in power transmission.
2)Expanding slowly and steadily.
3)Decent sales/growth/profit figures.
4)Stock is near its all time high but enjoys market monopoly.
5)As per the budget and government's push for electrification of villages, good push can be expected.
Keynote-->Its a good stock that can be accumulated at every dip.
CMP-165(25th Feb'2017)
1st target-200(12 months)
Disclaimer : I am a private trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
