Kennametal India Ltd. was incorporated in 1938 and is a 75% subsidiary of Kennametal Inc. It manufactures carbide tools and special-purpose machines for automotive, defense, railways, infrastructure and General engineering segments. The manufacturing unit is in Bengaluru.
1) header and shoulder pattern in stock
2) 2680 support for this stock
3) 3450 is target...
A Breakout from downward trendline and Up move with good volumes after the earnings are being announced shows some amount of strength in the script a close above 2705 will also confirm the reclaim 0.618 Fib level of the down move which can also bring some momentum in this script. Expecting it to reach 3200.
SL as per suitable risk apatite.
