EKC is looking good for Swing Trading Opportunity.
CNG prices are looking steady on back of range bounc Crude prices. Management has guided for 10% growth over H1 FY24. Following year FY25 15 to 20% growth expected.
Daily chart is looking good and trading above long term moving averages. The stock did retest of breakout around 121 zones.
Reversal is expected next week and will head towards channel resistance at 167 168 and gap area will also get filled in coming weeks.
STOPLOSS: 113
Current Price: 127
Target 1: 150
Target 2: 167
CNG prices are looking steady on back of range bounc Crude prices. Management has guided for 10% growth over H1 FY24. Following year FY25 15 to 20% growth expected.
Daily chart is looking good and trading above long term moving averages. The stock did retest of breakout around 121 zones.
Reversal is expected next week and will head towards channel resistance at 167 168 and gap area will also get filled in coming weeks.
STOPLOSS: 113
Current Price: 127
Target 1: 150
Target 2: 167
Comment:
140 did from 127 zones
Comment:
144 from 127 Booked 20% profit today
Comment:
Target 1 done today 154 from 127 booked 30% more. Holding 50% for second target.
Comment:
Target 2 done and exited all the positions around 170 zones