Kernex Bullish ViewCmp - 732
Tgt - 1000
Sl - 650
Note: This is just a view and not a recommendation.
KERNEX trade ideas
Kernex Microsystems (India) Ltd.( 76% upside potential)
Sector: IT Services & Consulting
railway infrastructure development theme KAWACH # MAKE IN INDIA# RAILWAY DIGITIZATION # BUDJET PICKS # bottom picks
on a monthly chart price took support @ monthly demand zone
on DAILY TF PA start making HH & HL....
After successfully break of 490 resistance level, it hv potential to break it ATH...
Kernex Looking rock solidAny closing above 900 could go to 2500 level after seeing cvolumes i am pretty much sure it will go there for sure
Kernex Microsystems ltd for double Maine
*Investment Alert*
*Stock:* Kernex Microsystems Ltd
*Current Market Price (CMP):* ₹388
*Target Prices:*
1. *Short-term:* ₹720
2. *Long-term:* ₹1000
*Stop Loss (SL):* ₹300 (below weekly closing)
*Reasons to Invest:*
- Kernex Microsystems is a key player in the Indian rail safety segment, with a strong order book and growing revenue.
- The company's Kavach system, an indigenous Automatic Train Protection (ATP) system, has been gaining traction and receiving approvals from Indian Railways.
-
KERNEX- VCP in Making by SG Gallantispat with emaKERNEX- VCP in Making by SG Gallantispat with ema
1) Double top at WTF
2) DTF seems it can breakout
3) Trendline in case it breakout
#KERNEX MICRO #KERNEXMICROBEAUTIFUL CATCH IT WAS ON 12/05/2023.
I had Titagarh Wagons and i was searching for company in similiar space. I was going through a lot of other companies like Jupiter Wagons etc. But then , i came across this small company and understood the basics of it..
Chart was still developing at that time , This was more of fundamental buy than technical one.
I am sitting at more 100% profits and holding only free shares or few shares .
I will add positions if chart allows and after studying the quarterly results of Sept 2023
KERNEX's Chart: Support and Potential UpsideIn this analysis, we will explore the chart of KERNEX, focusing on the support on a daily basis and the stock's potential for a bullish move. Additionally, we will examine key fundamental data of the company. By considering these technical and fundamental aspects, we aim to provide insights into the stock's current situation and a potential trading opportunity. Let's proceed with the analysis.
Chart Analysis:
Upon reviewing the provided TradingView chart for KERNEX, we can identify several key technical factors that may impact the stock's future price action.
Support on Daily Basis:
The chart indicates that KERNEX is taking support on a daily basis, implying that buyers are stepping in to prevent further declines. This support level could act as a base for a potential price reversal to the upside.
RSI Support:
The Relative Strength Index (RSI) is providing support on a daily basis, indicating that the stock's momentum is stabilizing. RSI is a momentum oscillator that measures the speed and change of price movements. A strong RSI support suggests that selling pressure may be easing and could potentially lead to a rebound in prices.
Fundamental Overview:
KERNEX manufactures, installs, and maintains anti-collision devices and also conceptualizes, designs, and develops railway safety and signal systems. However, it is essential to note that the company's fundamental data shows a Price-to-Earnings (PE) ratio of -24.2, indicating a negative PE due to losses. The Return on Equity (ROE) is -30.4%, reflecting negative earnings generated from shareholders' equity. The market capitalization of KERNEX is ₹480 Cr.
Trading Opportunity and Targets:
Based on the analysis, a potential buying opportunity arises with KERNEX's support on a daily basis and the positive RSI support. Traders may consider initiating a long position at the current market price (CMP) of 312, with a stop loss set at 288 to manage potential risks.
In terms of the target, the potential rebound from the support levels and RSI stabilization suggest the potential for further upside movement. A target of 360 can be considered, taking into account the stock's current momentum and the support on the daily chart.
Conclusion:
Based on the technical analysis, KERNEX's chart indicates support on a daily basis and RSI support, which may suggest a potential bullish move. However, it is essential to consider the negative fundamental data, including negative PE and ROE, indicating financial challenges faced by the company.
Traders and investors should carefully assess their risk tolerance and consider implementing appropriate risk management strategies. As always, it is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered as financial advice. Trading stocks involves risks, and past performance is not indicative of future results. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
KERNEX - Swing tradeNSE:KERNEX
Entry: 345
Target: 430
SL: 315
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Base: Price breaking out from 6 month base.
Retest: Price retested BO level with decreasing volumes.
Kernex - BreakoutThe stock could open at UC and there might be no volumes. SL below 262.
There will be a a downward trendline breakout. There is a convergence of the moving averages which means that there a big move due in the stock..
Watch out for this space but the pullback could be equally sharp so be cautious.
Downtrend Channel Breakout 1. Downtrend channel breakout
2. Inside bar breakouts
3. Reversal of trend
4. Only skeptical, as not much liquidity in this stock
buybuy kernex at cmo 285 sl 262 target 3 times of risk.
Disc : it's not an investment advise to buy or sell
Kernex Microsystems- Long termIts for only long term investors
it was consolidating from long term and recently lot of buzzing on railway stocks....trend looks promising
