Well Managed company in Infrastructure setor.
Multi bagger in the logterm.
Consolidated for so long.
Maintainig healthy margin of 20+ %.
great addition to portfolio at this price of 260
Stock name = KNR Constructions Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
📢 Falling Wedge Pattern 📢
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❗I am not sebi ragister❗
As you see the price is moving inside an ascending channel.
It broke out of trendline resistance in August and now retested for potential upside.
RSI is adding more confluence by showing strong bullish divergence.
It is currently trading at a forward PE of 14+ whereas the industry PE is around 28.
A gem amongst its peers with robust fundamentals.
Do check its...
Entry at 245 to 250
Target 268
Next average at 210Rs
Listing o 2008 and after 15 years it already gave 1700% return so it can be good for long term also
Basically fundamentally strong counter.
NSE: KNRCON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain...
This can give good move from hereon
Took support at Fib50 level and consolidating inside rectangle..
Also taking support on Key MAs on daily chart..
Looks good on both weekly and daily.
