USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, YES BANK, RELIANCE COMM LTD, SUZLON ENERGY LTD, VODAFONE IDEA LTD, ASHOK LEYLAND
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Kalyani steel might be starting a new impulsive cycle
Resistance = 324
Support = 302.90
If close(Weekly) above 324, Target would be 401.40.
If Close(Daily) below 300, Target would be 263, 245.20, 205.
The KSL has given breakout from channel line with higher volumes. The stock is also making higher top higher bottom formation from 3 sessions.
Metals shining , so KSL will participate , long with a 472 above that just hold for a year for 2-3 x . just a simple look stockdada.com
Kalyani Steel Trying to Breakout of from a Ascending Trigular Pattern
Remain Positive till stock is trading above the trendline.
Close above 425 can take this stock 450/470
Small SL close below 409
Just look at KSL forming a text book bullish divergence on both MACD & RSI. Pick up this stock now and watch it go up!
With infra & housing in demand, KSL is one of the major beneficiary who will supply steel products to these sectors.
Please support and let me know your thoughts
Price has been through a corrective phase. A move past 353.5 would trigger a bullish sequence of higher highs & higher lows. This breakout would also trigger a buy signal in Point-And-Figure chart.
Am expecting a quick spike to 400+ in this one, if 353.5 is taken out.