Kellton tech is creating a good ascending triangle which is a bullish sign, after hitting to 52 weeks low of 25.
On a long term support it will definitely hit 70 again in 3-6 months.
Buy on dips next 1-2 weeks.
The company is turning around fundamentally and can end in a major breakout. The ROCE is nonsensely high i.e. 35% and growth of 70%+. But promoter decreased the stake. OPM is increasing on linear scale.
But we will keep trailing stop loss and capture this move with technicals. I won't be keeping initial stop loss. So allocation of 5% as of now.
NSE:KELLTONTEC
off lately trending sideways with low volumes but weekly patterns indicate revivals of old 150-160 levels, neytral to + ve buy with a SL of 100
kelloton tech forms a rising channel or ascending channel pattern , which is a bullish pattern. the stock price moves between the two parallel lines sloping upwards. we can go long in kellton tech with stop loss of 110rs with the price target 129rs
the stock can give a good upside in near terms thus i feel it could be a good bet , but for only risk takers as the stock will remain extremely volatile for next few trading sessions
Bounced from Double Bottom On Weekly Chart.
Break Out.
Fundamentally Company Has Consistant Profit Growth.
Investment View For 1 year.
Other Details Mentioned In Chart.
I am not SEBI Registered Financial Advisor.
Kellton Tech Solutions Limited is a software development company. The Company offers end-to-end information technology (IT) solutions, technology consulting and product development services in Web; social, mobile, analytics and cloud (SMAC); enterprise resource planning-business process management (ERP-BPM), and Internet of things (IoT) space. Its segments include digital transformation, enterprise solutions and consulting. Its geographic segments include USA, India and Others. It offers KLGAME, which is a location-based gamification, analytics and messaging engine; Kellton Tech Mobility Platform, which acts as a mobile dashboard for users' enterprise system, and Kellton Tech IoT, which helps organizations connect and engage with the customers. It offers a range of services, including offshore product development, Internet marketing services and resourcing. The Company offers its services to clients in a range of verticals, including retail, consumer goods, logistics and non-profits.
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KELLTONTEC
