Keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Here's a trading plan for NSE:KPRMILL
Weekly location: Equilibrium
Daily trend: Up (Let's go long)
Hourly zones: Demand zone marked on chart
Entry: Type 2; i.e. Wait for 1 candle to close inside zone and buy at next green candle
Trade duration (max): 2 week
Note: Target, Entry and SL on chart
Long term trend in stock is up.
After facing a pullback, stock seems gaining momentum again.
If it stays above 38.2 % Level 776, one can go long in the stock with stop loss of recent swing low 750. Target is high of June monthly candle 870, intermediate targets can be taken as 796,817,846
K.P.R. Mill Ltd. engages in the manufacture of textiles. Its products are yarn, knitted fabric, readymade garments, and wind power. It operates through the following segments: Textile, Sugar, and Others. The company was founded in 1984 and is headquartered in Coimbatore, India.
KPRMILL
