Kellton TechKellton Tech had given the all time high breakout and then come into the correction/consolidation mode.
Now it is taking support at the ATH breakout and ready for the breakout of the correction.
KELLTONTEC trade ideas
KELLTONTEC - 2.5 year long Cup & Handle Pattern BreakoutHere's a technical analysis of the KELLTONTEC stock chart:
Key Observations
Cup and Handle Pattern:
The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt.
Major Resistance Area:
There is a well-defined major resistance area that the stock previously tested. After breaking above this level, the stock is now consolidating, creating a strong base before possibly moving higher.
17-Week Small Base:
The stock has been consolidating for 17 weeks, forming a small base just above the major resistance area. This base suggests that the stock is stabilizing, and this consolidation could provide support for a strong breakout.
128-Week Strong Base:
The stock is building on a much larger 128-week base. This extended period of accumulation signifies that the stock has gained a significant foundation, increasing the probability of a sustained move if it breaks out.
Volume Analysis:
High volume during upward moves and low volume during pullbacks indicates healthy demand. The low volume during consolidation suggests that selling pressure is minimal, while high volume spikes during upward movements indicate buyer interest.
Volume also picked up around the 20-week EMA, showing support from buyers near this level.
Bounce from 20-Week EMA:
The price has consistently bounced off the 20-week EMA, showing it as a strong support level. This reinforces the uptrend and indicates buying demand whenever the stock approaches this EMA.
Trade Setup with Key Levels
Entry Point:
Breakout Entry: Enter above the high of the handle at around 160-165 for breakout confirmation.
Targets:
Target 1: 225 – Based on initial resistance.
Target 2: 280 – A higher resistance level, achievable if the breakout gains momentum.
Target 3: 373 – A longer-term target that aligns with the larger base breakout potential.
Target 4: 450 – For a longer-term position, based on the depth of the cup and potential for an extended move.
KELLTON Trendline breakoutafter rallying 100% it has consolidated for almost 4months. followed by giving a trendline breakout.
breakout was with a good volume.
yesterday closed near day-high.
KELLTONTEC Long IdeaKELLTONTEC broke out from years long consolidation and now consolidating near retest zone.
It is good buy near retest zone if at all it comes to that. Or you can buy after channel breakout.
Stoploss is weekly close below retest zone. Will update targets later.
Trade as per risk management.
NOTE: No idea about Fundamentals of company. It is just technical take.
KELLTON TECH SOLUTIONS By KRS ChartsDate: 11th July 2024
Time: 9:40AM
Why KELLTON TECH?
1. Currently Sustained at All-time High Price with Strong Breakout.
2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years.
3. RSI above 60 and Positive Crossover in MACD.
120 to 130 Rs can be better price if Correct little bit from here
If it breaks Neckline at least in Daily TF,
It can achieve 255 Rs price point from current price level.
Kellton Tech Solutions Ltd ₹ 138 Kellton Tech Solutions Ltd
₹ 138
2.70%
27 Sep - close price
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kelltontech.com
BSE: 519602
NSE: KELLTONTEC
ABOUT
Kellton Tech Solutions Ltd offers services in digital transformation, ERP and other IT services. It has operations across US, Europe, India and Asia-Pacific with a team of ~1,800 employees.
KEY POINTS
Services Offered
Agile software development, digital commerce & marketing, digital integration, outsourced product development, platform modernization, professional services, technology consulting, testing & automation and others.
READ MORE
Market Cap
₹ 1,340 Cr.
Current Price
₹ 138
High / Low
₹ 184 / 72.5
Stock P/E
19.6
Book Value
₹ 45.5
Dividend Yield
0.00 %
ROCE
15.9 %
ROE
15.7 %
Face Value
₹ 5.00
Add ratio to table
eg. Promoter holding
EDIT RATIOS
KELLTONTEC - Weekly AnalysisIn the Weekly Chart of KELLTONTEC ,
we can see that, it is about to retest the breakout.
Let it retest completely and create a Bullish Candle or pattern or show a reversal style.
Expected momentums is shown in chart.
KelltonTech-An ATH breakout which you shouldn't miss!Kellton tech has given a weekly breakout from an ATH supply zone of 120-130 with very heavy volumes.
Stock has formed cup and handle pattern since 2017 and now looking strong for a big quick uptrend.
This stock is a potential multibagger with decent fundamentals.
Kelton tech solutionThis stock breakout 110 above target is 240 rs fundamentally good stock this Quarter results is bad but definitely this stock reached 240 breakout after
Cup and Handle breakout in all time framesGood volume buildup in daily and weekly timeframe.
Cup and handle breakout with good volume.
RSI indicates good.
Smallcap⚠️
Fundamental are OK.
FII stake has been increased.
NOTE: I do my analysis, do yours before trade.
KELLTONTEC - NEXT 86% RETURN STOCKKelltontec has given breakout of Rounding bottom pattern on monthly chart. Targets are marked on chart with SL of the stock.
KELLTON TECH SOLUBuy with sl 102 closing basis target 250+ 300+
Breakout given after more than 2 years.
Kelltontec - Breakout above 135-40.Kellton Tech Solutions Ltd offers services in digital transformation, ERP and other IT services. It has operations across US, Europe, India and Asia-Pacific with a team of ~1,800 employees.
Looks like near the breakout level. Good to buy on dip and buy above 135-40 will be breakout levels.
Cup and handle pattern formation and on the breakout we can see the straight up move to the 500 or more...
Market Cap: 1190 Cr.
Promoter holding: 51.9%
FII holding: 0.79%
DII holding: 0.00%
Public holding: 47.3%
Bullish breakout in Kellton Tech SolutionA Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:KELLTONTEC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Kellton Tech Solutions Ltd.Multiyear Break Out - Also Cup & Handle B/O with Great Volume & Delivery %
Kelltontech weekly breakout. Potential 90% upside Kelltonetch breakout in weekly chart with good volumes
Chart pattern also showing Cup & Handle pattern
KELLTON TECH - Bullish Spinning Top with VolumesNSE: KELLTONTEC is closing with a bullish spinning top candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 12% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
#KELLTONTEC (Monthly)⚡️Artificial Intelligence Theme
⚡️Low Debt
⚡️Multiyear/ATH Breakout expected
⚡️7 Years Long Base
⚡️Volume rising
🔴 SL 95
🟡 CMP 102
🟢 TGT 113/128/153
KELLTONTEC - LONG - BUY & FORGET [...Target 1600]Buy KELLTONTEC above Rs140 & target Rs 1600 (long term)
KELLTON TECH KELLTON looks good for a 20-30% move. Stock can make a potential reversal in coming sessions. Keep it in your watchlist.
NOTE: I'm not a SEBI REG. Study before investing.
