FLAG AND POLE PATTERN 1ST TARGET : 425 2ND TARGET : 540 STOP LOSS : 332
KEI breaking out from pennant pattern, width of the pattern is 67 points, so expect the same amount of up move from the breakout level, Go long.
@366 zone is a resistance zone for KEI, once crosses that it can fly
CMP 230 in my view stock is almost on the verge of a breakout..Two things either it can hit resistance zone and fall back sharply or head higher for a new range.. Lets see how the px action evolves in the coming days. I think we can see 250 levels in a short term span.
A good stock to accumulate between 118 and 130. Above 130, first target of 160-165 followed by 240-250. Also fundamentals of the company are strong and for the last 3 years its performing very well.