it has given good up move in short span. still it has 30% upside however the best could be a profit booking and then up move.
trail ur stop loss and hold ur profit
Kirloskar Oil Breakout :-
Kirloskar Oil has successfully broken out, retested, and now presents a compelling entry pattern. Check the chart for detailed levels.
This analysis is for educational purposes only; we don't endorse the trade.
#KIRLOSENG trading above Resistance of 688
Next Resistance is at 1066
Support is at 454
Here are previous charts:
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...
Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.
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1. Price has been forming a Triangle Pattern.
2. Breaks out with HH, HL movement.
3. Sustaining well after breakout. After some consolidation, a good move is expected.
Entry:...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
KIRLOSENG – Short term
looking good, so keep it on your radar to catch the momentum
Buy above 553 | Tgt 564, 574 | sl 538
It is my view, to trade on your analysis.
Kirloskar oil.. in nov it was shared when it was around 277 level...now trading around 500 ..almost 2x with in 10 month..now again given a big breakout... CMP 480...pattern target is around 700+
📌Symmetrical Triangle Pattern 📊
✅Keep in your Watchlist
- Forming Handle of Cup & Handle Pattern
- Volume and Volatility Contraction
- Above Key EMAs
- Bullish RSI
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
BUY - KIRLOSKAR OIL & ENGINES
CMP - Rs. 403
Target - 1: Rs. 552
Target - 2: Rs. 625
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Timeframe - 6-8 months
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Technicals - Ascending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
KIRLOSENG
Time Frame - Daily
Study - Flag and Pole pattern
SL may be place near 340-345 zone
It may see upside 430, 452 and also more upside as per volume spikes
This chart is only for educational purpose, do your own study before taking any trades.
No trading recomendations
Stock Name - Kirloskar Oil Engines Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 420
#This is not Buy and Sell recommendation to any one. This is for...
Beautiful Bat pattern on monthly timeframe,
Small nagative news effect sharply
And if any high positive news can fail this pattern.
No news , so chances stock consolidation and fall slowly
,Shared for learning
