49 has been historically easy to break down,but on the flipside is difficult,so try to enter above 53.
price action is always king.
my call
BUY IF 1D CANDLE CLOSE ABOVE 53
TARGET 65
SL 46
REWARD/RISK=12/7=1.7
ALSO GOOD TO HOLD FOR LONG TERM TOO
The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do...
Multibagger Stock Pick
KELLTON TECH - Buy
CMP 78. Target Rs140
Kellton Tech Solutions Ltd. is an Indian IT, outsourcing and software development company headquartered in Hyderabad with offices in US and Europe
with market cap of around 727cr, trading on a PE of just 10.9, ROCE at 20.7%, Book Value of 46.7, Face value of 5 and has a promoters stake of 55.85%...
