Kothari petro has closed with good volumes on a DCB and nearing its all time High. An entry above 172 on close of the day with a TSL can be looked at with a PT of 200 with a SL at Breakout candle low.
Sell Kothari Petrochemicals in Intraday - TP-152.75. Enter around 156.50 to 157.25. Don't miss it! For more such interesting & exclusive (via chat on this forum) ideas & predictions do hit the like button & follow my user id- thank you
Cup pattern breakout.
Breakout on weekly chart after 1 year with good volumes.
Consistently raise in volume.
Stock retested breakout levels and bounced back with huge volumes.
*for educational purpose only.
In monthly and weekly TF RSI is above 60 and on daily TF RSI is at 40 level.
Stock is taking support of 43 days sma.
T1 138
T2 157
T3 180
BUY - KOTHARI PETROCHEMICALS
CMP - Rs. 65
Target - 1: Rs. 95
Target - 2: Rs. 115
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Technicals - Bullish Navarro 200 Harmonic Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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From the left to the right you can see a year long 56% base which started topping out in April22. It took almost a year when the stock took support at 60 level and started its upward journey after consolidating for month and half. It has retraced back almost to 38% of fib.
As you can see what took a stock a year to correct 56% and it took only 3-4 months to...
Kothari petro-
breakout of 20 months cup pattern with good volume above 119 & closed @ 121.45. All oscillators are +ve.
Buy above 126.50
Sl 107
Tgt 135-140-150-170
1.Price is consolidating for few weeks and is in formation of cup and base is created.
2.Price is ready to give breakout and RSI is above 60 indicates bullishness in stock.
3.Since no major resistance present price is expected to reach ATH's, gain of 50% to 60% can be easily achieved.
4.Buy above 76.( initially add small quantities as the price moves up more...
Breakout in KOTHARIPET in Daily timeframe.
Entry: 102
Target: 118
DISCLAIMER: The ideas shared are only for educational purpose. I am not SEBI registered.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
