#KICL trading above Resistance of 4301 Next Resistance is at 6488 Support is at 2949 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only....
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
This stock formed a flag pattern in Daily chart and it has a triangle pattern in monthly chart now both the triangle and the flag pattern tartgets are come near same price.so look for a buy in this stock.
Kalyani Investment Company Limited Fresh Breakout stocks you can find which stock is forming bottleneck pattern and breakout is possible.
NSE:KICL has given a breakout on monthly charts. Target will be 2700 but I expect it to move higher once it crosses 2700. Stop Loss would be 2200 and that might also act as a support if the stock reverses to re-test the breakout. It is a monthly breakout and hence, you need to treat it as a ling term trade.
Can be the multibagger of the year! Disclaimer: Not SEBI registered. Charts produced are for personal reference only and not any recommendations.
Triangle breakout pattern in Kalyani Investment Company Limited
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Kalyani Investments Long Risk 1% of Capital
Suggested by @monkmaxims Fundamentals: Investment arm of the multi billion kalyani group. It has 3 stocks in its portfolio - Hikal, Bharat Forge and BF Utilities (All kalyani group companies). Net worth is 10000cr and the market cap of this is just 800 cr. It is a biz only investment and it's like a holding company, yet the discount seems huge. The stock had been...