But above 259 for target of 272 SL as per comfort below resistance zone ( Marked Green ) around 244
Kalyani steel :- Price reached the weekly/Daily supply. Now we have Pin bar on daily chart. We can enter short and target around 185 area.
While everyone is focused on Tata, JSW & JSPL... Kalyani Steel is silently moving and doing its thing. The company is debt free so a bottom of a cycle doesnt hurt it with interest payments the others are suffering with. The company also is sitting on 280cr cash while only having a marketcap of approx 800cr. Long above 185. SL below 175.
NSE:KSL Testing Channel. Break out from a previous bearish channel is observed entering a new sideways channel. If breaks either support or resistance of the new channel, good movement could be observed.
Kalyani Steel Support and Resistance 15 min
Kalyani Steel Support and Resistance 1 Hour
Kalyani Steel Support and Resistance
Kalyani steel might be starting a new impulsive cycle
Kalyani Steels: 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.
CMP 417 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.