Technicals
Round bottom completed from 2018 to 2021 and a contracted round bottom also been completed from 2021 to 2023.
Price is sustaining for 5th consecutive week above 6yrs high for 5th consecutive week.
Please let know if any mistake or omission to enlighten myself in the process of learning
KCP LTD is currently trading at 142.
It is currently trading above its daily and weekly 20 & 50 EMA's.
weekly and daily chart shows rounding pattern with good volume spurts.
If stock trades trade above 120.
A good upside movement is expected.
First target of 200 and second target of 240-250
stoploss 120
do follow and support for regular updates.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
Consider the above lines as upcoming resistances, if drawn any.
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I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
KCP Ltd is engaged in the business of manufacture and sale of cement, sugar, heavy engineering, power generation for captive use and hospitality.
Pledged percentage 0.00 %
Debt to equity 0.37
Stock P/E 12.4
Price to book value 1.48
Inverse Head and shoulder observed - TARGET 148 , 168
Gave a breakout from downward trend line after a big consolidation followed by inverted head and shoulder pattern. Buy at CMP for positional targets of 132, 140 and 150. Keep a stop loss below 112 on daily closing basis.
