KERNEX- 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
BEAUTIFUL 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...
In 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....
NSE: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.
The 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.
1. Downtrend channel breakout 2. Inside bar breakouts 3. Reversal of trend 4. Only skeptical, as not much liquidity in this stock
buy kernex at cmo 285 sl 262 target 3 times of risk. Disc : it's not an investment advise to buy or sell
Its for only long term investors it was consolidating from long term and recently lot of buzzing on railway stocks....trend looks promising