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Rugminik

KPR Mill Poised for a swing upside of 15-20% with an RR of 1:2

Long
KPR MILL LTD (NSE:KPRMILL)  
Rugminik Updated   
NSE:KPRMILL   KPR MILL LTD
Double Top or Bottom Trend Analysis chartpatterntrading nifty500 priceaction tradingideas Fibonacci Retracement swingtrading KPRMILL
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doubletoporbottom trendanalysis chartpatterntrading nifty500 priceaction tradingideas fibonacciretracement swingtrading kprmill
1) KPR Mill is reversing from it's Monthly 0.382 Fib retracement zone.
2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone.
3) The retest has happened through a narrow range consolidation of about 7 weeks.

So one may consider for an upmove from current levels with 622 range as SL, for a target of 750 range, based on Daily close and Weekly close levels above the previous week range.
Comment:
5% ROI within 6 trading sessions!
Trade closed: target reached:
10% Target done as planned in 8 Trading sessions.
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