Stock was facing a strong resistance from 500-570 levels and gave a breakout with really good volumes
after giving breakout price sustained and consolidated above breakout levels and now again giving a breakout of the breakout levels.
The stock is currently in wave iii of III which is projected moving towards INR 895-910 zone.
'Wave I' unfolded in the stock from June-Oct 2023 and then the price witnessed a 50% retracement of the wave I in 'wave II' through the months of OCT-NOV.
The stock is now going for the completion of the 'Wave III' target of INR 895 but the 'Wave III'
is sub-diving into...
It indicates that a change in the trend is forthcoming and that the price moves beyond the increased trading volume.
TARGET1 560
TARGET2 580
TARGET3 600
STOPLOSS 535
NSE:KALPATPOWR making Cup & Handle Chart Pattern in wcb after made a significant upmove. it will continue make rally once it closes above the breakout zone.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a...
Kalpataru Power Transmission Ltd is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation
Closure above the supply zone on DCB , will bring target of 600 / 732 with strict stop loss at 493
Market Cap
₹ 7,917 Cr.
Stock P/E
20.1
Book Value
₹ 284
Dividend...
>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up!
> The 50-DMA should be broken with the good volumes is the only concern!
>The 4 Supports Levels are significant because they respected the same levels of (335-354) every time.
>There is also the formation of High-Tension Lines which is a...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Broken 200 EMA on daily chart with strong candle and volume
Broken trendline resistance and taken support on it
following incline trendline
Buy near 395 - 400
SL 375
TGT 441 - 477
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
