Its about to take reversal from the support zone. Good to invest now.
Buy Price - CMP 780.70
Target - 800, 830, 850, 900+ (Max possible 1050+, Duration will be more for 1050+)
Duration - 2-3 weeks max for 900+
SL - Below 700 (closing basis)
KPR Mills looks good on the chart, it has made a rounding bottom and making kind of cup and handle pattern.
if it manages to sustain above the 756 level. It is a breakout and we can see a good upside in it.
Please do your own study. this is just my view and it can be wrong at any point of time
Kpr Mill Long
Good Results of Q1,
Stop loss 600 (Daily candle closing basis)
Swing Trade Targets (2 to 3 months)
Target 1 666
Target 2 696
Long term Targets (3 to 5 years)
Target 1 800
Target 2 1000
KPRMILL to take long entry. All important levels has been marked on the charts. Stock is taking support of 50 EMA Levels. Good buying point. Good risk to reward ratio.This is for your your educational purpose only.
NSE:KPRMILL has given a weekly chart structure breakout and a stop loss at 756 can be held for this share. We are looking at a good end to a long consolidation and hence, decent returns can be expected from these levels.
Since Apr-May 2022 KPRMill is undergoing wyckoff pattern
Events had been highlighted. Hopefully it may test 475 one more time that could be good chance
Technical.
*Entry can be initiated if it is closing above 650 level for the day, As it is very close to give multipattern Breakout.
Targets: -
1. 695
2. 765
Stoploss: -
610
Fundamental.
*Stock has given good profit growth of 23.0% CAGR over last 5 years.
*company has increased its net profit from 33cr to 815cr YOY basic in just 10 years.
*Stock is...
