On Daily Chart there is a very good breakout , retrace and again breakout on KPR Mill
with a small stop loss of 575
CMP 604
can expect 1st Target 685
2nd Target 766
KPR Mill fundamentally strong company
The company has shown a good profit growth of 36.22% for the Past 3 years.
Company has been maintaining healthy ROE of...
KPR mill breaks out of the Descending triangle pattern on weekly chart. The Entry exit points are all mentioned on the chart. The volume is building up.
Disc ; Invested from lower levels, this is for educational purpose only. Please do your own research, before investing.
KPR mills gave a BO from the range bound ness and triangle pattern ,
Above 50 and 100 EMA , took support at 50 EMA at weekly and Daily TF before breaking,
Accumulating Good Volumes, for the past 2 weeks.
Can look for swing or positional long opportunities.
Entry above 608, and SL below break out candle, do the trailing stop loss,
Chart -> KPR Mills Weekly
Breaking out of a descending triangle!
CMP: 580
Targets: 640 and 710
SL: 515 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
KPR MILL has formed Falling Wedge Pattern on Weekly Chart and given breakout with very high volumes .
RSI (14) near 60 - indicating start of momentum.
Stoploss should be placed below 518
Target should be - 638 / 710 /768
Go Long above 2699.1 for Targets of 584.75, 637.4, 690.05, and 742.7 with SL 479.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern...
Those who have made good chunk from last entry recommendation: Cheers !!
Again re-enrty scenerio is there : Wait for price upward trend and crossing of Volume profile mark mark.
Re-evaluation needed when corssed
volume profile mark.
KPR Mill has formed descending triangle and currently is trading near support zone. Anyone willing to take risk, can enter long trade now keeping the supportive zone sl. Or else one can wait for breakout or breakdown and then trade.
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Study:
1. Flag pattern breakout with good volume accumulation.
2. Stock retests the flag pattern.
3. Stock takes support on support zone.
4. Trend line bullish breakout seen in daily chart
SL and target are drawn on chart
#KPRMILL beautiful trendline Breakout
>> wait for safe entry levels to be breached
>> Good Strength in Stock
>> Book partial profits @10% and trail rest
Happy Trading
