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KALYANI STEELS LTDKALYANI STEELS LTDKALYANI STEELS LTD

KALYANI STEELS LTD

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KSL trade ideas

KSL: Cup and Handle Breakout Bullish PatternThe stock has broken out of the classic cup and handle pattern supported by very high volumes. It is expected to follow on the trend and can be bought at any price between cmp and 428.5 for a target of 838 and 900 in near future. The stop loss can be maintained at a little below 420 level, which was the resistance level before the breakout. Supporting technicals: RSI: 68.1 ( Bullish but not overbought) ADX: 26.1 (Suggesting strong trend) P.S: This idea is for educational purposes only and should not be construed as an investment advice.
NSE:KSLLong
by Yes2Profits
Intraday Trade: watch for resistance breakoutbuy above 420 in Intraday keep stoploss below 414 for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:KSLLong
by stockkar
KSLNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:KSLLong
by SENSITRADE_T
DAILY SWING CALL // Friday 26th of February 2021 / NSE: KSLDAILY SWING CALL // Friday 26th of February 2021 / NSE:KSL // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 322.1 TARGET: 370+ (15% Around) STOP LOSS: 290 (10% Max) Standard Notes: - Please follow the Stop Loss strictly and preferably on a daily closing basis. - Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved. - Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period. - If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed. Disclosure: I may or may not have a position in this trade. Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
NSE:KSLLong
by Amit_Padishalwar
Kalyani steels - Ready for upside!!!Kalyani steels(KSL) - CMP 269 Company incorporated in 1973 and it's part of $2.1 bn Kalyani group. It's into leading manufacturing of forging and engineering quality carbon & alloy steels. Company has both indian & international clients. Some of the noted clients are Tata motors, Ashok Leyland, Jindal saw, Indian railways,caterpillar, Ford,Volvo,etc. Why it's good buy?? 👉 Company has posted good Q2 nos and growth in net profit with increase in profit margin was seen QoQ 💚 👉 Company with zero debt 👉 Steel demand has been increased in the past quarters and continue to increase in the coming quarters due to revived demand in auto sector and also due to increased demand in infrastructure sector which will benefit the company in future earnings. 💚💚💚 👉Being an Indian company, Make in India theme will benefit this company💚💚 👉Book value of the share has been increasing over the past years 👉 Mutual funds and FII have increased their shareholding in the last quarters💚💚💚 👉 Excellent management ( remember the quote , it's better to buy mediocre business with excellent management than to buy a great business with poor management)💚💚 👉 Company at affordable valuation considering its Pe and other valuations. 👉 Company with good ROCE( Return on capital employed) which shows efficiency of the management in utilising the capital for better returns 💚💚💚 👉 Company's major revenue comes from auto segment(80%)and remaining others.💚❤️ 👉 Expecting steel demand will be there for the next few quarters💚💚💚 Negative factors❤️❤️ 👉 Steel sector is of cyclical nature and there won't be continuous demand for the product. That's the reason why we avoid long term view of the stock. 👉As we mentioned above, company major revenue is from auto sector and concentration is majorly on auto. Any downfall in demand of auto sector lead to affect earnings of the company in great way. However, now there is good demand for auto sector and festival seasons have just started. Hope company may post good Q3 nos. Apart, from these 2 negative we don't find any flaw in the stock. Technical view; On technical front, stock is looking good on charts, weekly breakout has happened with good volumes and sustained ,ready for upside. Accumulate on dips, 235-245 (good levels to buy, if price corrects) Short-medium term target - 330-375+ Tips: Buy 50% of your alloted capital at CMP(269) and remaining 50% on dips at mentioned levels. Sometimes, stock will fly, don't worry for that enjoy the ride and use that amount for your next pick.
NSE:KSLLong
by vk_Bullsview