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.
It has been observed that the price action was trending down for a while and now reached at the strong support zone and formed a double bottom indicating a strong reversal from current levels.
T1- 150
SL - 95
