KESORAMIND broke out of channel pattern on daily chart. There has been tight consolidation for almost three months. Trading in the range of 10-15%. Also during runup to the channel, there were huge buying as shown in volume. While consolidating you could notice volume has dried up. Signifies sellers are not willing to let the price go down. Though there was not a...
I am betting on increased cement demand post monsoon season. Chart pattern is also good, potential to touch 120+ in mid term. Levels are marked on chart. Invest with 6-9 months time horizon.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
A clear upside breakout on daily chart of KESORAMIND. Price was continuously on upward trend with in a head and shoulder pattern. A significant breakout on the chart shows a good upside in upcoming days.
Sl - 65
The price action is picture perfect.
And DII have increased their holding exponentially.
Shoot up your queries in comment section or u can mssg me.
DATE: 26.4.21
INSTRUMENT: KESORAM INDUSTRIES
TIME FRAME: DAY
TREND: LONG
CMP: 75.20
BUY ABOVE: 69.80
SL: 66
TGT. 01: 76.85
TGT 02: 83.55
TGT 03: 90.25
DISCLAIMER:
We are not S E B I registered analysts. please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Ideal buy is around 35 to 40
Short term Target 75 to 80 breaking above it can reach 100 and even expecting 200 if fundamental supports.
Happy Investing..
