The levels at which KEC international is currently trading is the range in which it have traded many times, the breakout from this range can give
strong higher upside.
KEC INTERNATIONAL HAS A TARGET OF 316 IN THE COMING DAYS. RESISTANCE IS AT 305 LVLS.
MULTIPLE BOTTOMS CONSEQUENTLY FOR THE LAST THREE DAYS AT 285, CAN BE STOP LOSS.
IF IT IS BREACHED LOOK FOR 278 LVLS AND ADD SOME MORE.
CROSSING OF 316 WILL LEAD UPTO 325.
on wave 4 correction after hyper extended wave 3
Disclaimer..not invested, tracking this diversified infra theme
not an investing/trading recommendation
This 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 ...
Share 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,...
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.
Fundamentals-
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...
