Symbol : KOLTEPATIL
Chart pattern: Double Bottom
Observation:Break Out Happend in Jul 23.
Retest of Privious Break out and Double bottom between 410-412.
And Formed Morning Star Pattern at Support Level.
Once Break 410 Level on downside view negated.
Disc:I am not Sebi Registed Analyst and Chart display is...
-trading in a parallel zone and took a strong support from lower trendline
-rise in volume with strong closing
-above 545 looking strong can move further 12% keep in radar
This one is an amazing Infrastructure Development company.
Here are the details -
CMP 520
Target- 560
Stoploss- 494
Duration- Upto 1 month.
Let me know what you think.
Introduction:
The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru.
Kolte-Patil is a trusted name...
Koltepatil in consolidation mood in monthly tf
look for above tp and down sl
kindly motivate us by giving likes.......
Disclaimer: only for educational and learning purposes.
Inside rounding bottom gave the results now time to see the outside rounding bottom with double bottom in monthly , Charts are given for Study reference only.
Let's wait and watch the performance.
Good entry near support zone at 420.25
Strong charts daily, weekly and monthly also, buy on dips only.
Monthly basic trg 638
NOTE- Only for Education Purpose.
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BUY - KOLTE PATIL DEVELOPERS
CMP - Rs. 426
Target - 1: Rs. 535
Target - 1: Rs. 680
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Timeframe - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Kolte Patil Developers (KOLTEPATIL) is a leading real estate company in India. The stock is currently trading above its 50-day moving average and 200-day moving average, which is a bullish signal. The relative strength index (RSI) is also in the overbought territory, which suggests that the stock may be due for a correction.
Technical indicators:
Moving...
strong moving after data published
Good momentum candle
Volume supporting
Real estate sector strong
Keep patience and have faith
SL and TGT as per chart
