Necklace Breakout- Kirloskar Eng Oil
A Necklace Breakout - i.e. neckline breakout can explode into wilder momentum like this.
I have been holding this from 300 level. It has grown to 900++ & became 3X now within a year.
There is a wonderful chart of Kirloskar that shows big chances of upward movement. Individuals with mid to long term horizons may want to keep an eye on this chart.
KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors. [1
🛡KIRLOSENG
💠Stock Trading above 50 & 200 EMA
💠Stock making Big Base with higher volume
💠 Stock structure is Uptrend
💠 Breakout Level 400 Support 365-70
💠 RR Favorable for going long
♻️ Retweet for max reach
Kirloskar Oil Engines Ltd
India’s largest Industrial Engine manufacturer with over 40,000 engines manufactured annually.
India’s largest diesel Agri engines and pump sets manufacturer with over 1,45,000 units manufactured annually.
Products and Brands
Co. develops and offers indigenous engines for agriculture, Genset, and industrial off-highway equipment...
📊 Script: KIRLOSENG (KIRLOSKAR OIL ENGINES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Industrials, Capital Goods
📊 Industry: Industrial Products, Diesel Engines
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 71.
⏱️ C.M.P...
######### Kirloskar oil #########
Month:
1. pullback for last 4 months - 50% completed after rally
Weekly:
1. pullback for last 4 months - 50% completed after the rally
2. 29% fall from ATH since July and is matching with 50% in Fib retracement level
Daily:
1. Current Price is below 200 MA - a bearish signal; Need to wait for Breakout
2. Main Correction...
Kirloseng has been in a beraish move for quite long time and recently there was good amount of buying seen, if the momentum continues like this we can see it breaking its 52 week high, hold tight and ride the scale,
Guy seeing the risk rewards i myslef have invested 1.1 cr in this. Lets make it together. If you like my idea do give a thumbs up as it take a lot of...
The stock has been consolidating for a while
giving a range breakout at 125 levels
can be bought above 125 if sustained for more than 1hr
1st Target 140s
2nd Target 160s
Stop Loss 110 on Closing Basis
