Kennametal India Ltd CMP: 1929 - Manufacturers of carbide tools & special-purpose machines - Highest quarterly sales & highest profit - Bouncing from 20 week ema and 100ema in daily chart - Formed a bullish engulfing candle near 100ema
"KENNAMET CMP: 1354.9 Good Risk reward of -6.33 Buy above : 1354 Stop loss: 1140 Return of -100% expected Pattern: Channel All levels are mentioned on the chart. Keep an eye."
Kennametal India has broken its major resistance with good volumes. Can enter the trade with 50% on the dip and next 50 % above the 1320 levels SL 1090 Target 1950 Manage Your Risk
Kennametal seems to be broken out of the cup which it was forming since its inception... After almost 18 months of consolidation (after Oct 2019), Price has broken out. Very Good Opportunity for short term investors.
long Kennamet sl 12% on a weekly closing basis
Opened 5-6% Gap Up today, (earnings announced yesterday). Trading much higher. Showing exceptional strength in weak market. (2K Cr MCap.) SL: Below Breakout Candle. TGT: Breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL...
above 1240 buy for short term sl is 1130 dcb Tgt is 1400
Display of Power of Impulse on Lower Time Frame. Consolidation at arounf 950 levels. Then an Impulse on M30 and M15 Timeframes and Boom! Locked at Upper Circuit 20%