It has been trading in a range for quite sometime. Could not sustain earlier breakout. Looks ready for another push.
KEI chart analysis for intraday and swing trading
My idea is for educational purpose. Buy KEI industry @ 530 for short term gain of 5-10%.
18 december High is resistance zone 18 January give breakout happened but it failed 15 March to 30 march see the volume something is cooking ( I think on the upside is cooking ) "my view doesn't matter" Now that resistance zone become a support zone.
KEI chart analysis for intraday and swing trading
Stock has given closing above 50 Sma with good volume. Buy above 525, SL 487, TGT 8 to 10%. For educational purpose only. Kindly contact your financial advisor before entering any trade.
Stock is forming a Pole & Pennant pattern. This week it has tried to give a BO but till not it has not sustained. Keep this in radar for future reference.
it has retested it's breakout level. As long a it sustains above 21 DMA, it can go higher. sustaining above 500 gives bullish trend intact.
* I love those setups where price just touch the chart pattern boundary before the breakout takes place. * Before the breakout this stock made a rectangle pattern and breakout with Significant volume. Kindly Let me know if you have any question.
KEI : cmp : 509 On the verge of BO A parallel channel BO done in daily chart near 508 zone. Stock frm current lvl might move 2wards 579 TGT 531/544/558/579 positional SL 564 clbs Accumulation range 495-510 Disclaimer: Ideas for learning Only. Learn Regularly. Not occasionally.
buy KEI above 530 for swing and Intraday if want to take some risk can buy above 526 as well.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
KEI has formed a descending triangle pattern. We expect a fall in price by 20+ points which is equal to base of a triangle
KEI formed DOJI which show indecision between the buyers and sellers. We can short in KEI with given targets and stop loss.
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KEI chart analysis for intraday and swing trading