After good consolidation, Wave 1 was formed and now after restesting the levels, KEC seems to go up in this month.
BUY KEC For 203 208 213 215 229 238 245 256 280 SL 184 LT Outlook Positive
sustaining above 203 after breakout. Could see 236 first target.
If it closes above 204 lelvel in intraday, it can rally upto 220-225. i.e 10% rally in 1-2 sessions.
KEC CMP 303 TARGET 336 SL 292 (DAY CLOSE) DURATION APPROX. 28-30 DAYS
Price is in clear strong uptrend on weekly timeframe. Price recently took support at longer term trendline and bounced off. Stock has formed bullish chart pattern. RSI is also picking up momentum on weekly & monthly timeframe. Price closing above 40 WMA. Odds in our favour.
NSE:KEC Only for education and information purpose. Should not be taken as a trading call Long can be done at D point. CHART BY HARMONIC LEARNING AND EARNING
Moving in the channel. last 3 days has seen buying at low levels. fundamentally things are good
Levels will be given tomorrow in live market on our twitter handle.
KEC REACHED THE TARGET AS MENTIONED IN THE PREVIOUS POST. IF IT IS TRADING ABOVE 334, THEN ENTER FOR TARGETS OF 350 & 365. DEL % IS >70% FOR THE LAST 2 WEEKS. TODAY IT HAD DECREASED. MAY BE THE REASON FOR GRAVESTONE DOJI FORMATION. AGAIN, WAIT FOR PRICE TO CROSS ABOVE 334.
This is my own assessment & readers may comment.