The idea here is about KPR MILL LTD
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Weekly Candle Highlighted in chart is a Harami Pattern.
2. Gartley Pattern Completed on a weekly chart.
3. Broken out of Downtrend Channel with Good Volume .
4. Support on 20 EMA established.
5. Kumo Twist on a Daily chart is strong.
6. MACD...
My view on this,
1) Textile industry is hot
2) Almost debt free stock & fundamental is strong enough
3) Outperforming all market condition
4) Best while comparing with peer companies
5) Channel break out
super trend change positive and candle close above
relative stength is good
rsi is good
moving average 9 above 21
last day volume is good greaters than 50 day average
KPRMILL is looking an awesome trade from here
- Trending stock
- Near to ATH
- Bullish Flag setup (with volumes)
- Weekly above 1530 is open sky
- RSI
- Daily RSI bouncing from near 60 levels
- Weekly RSI already above 70-80 levels
Aggressive trades can go long from here with SL 1299 CLSB
Or one can trade after BO level of 1530 with same SL
Wide Alligator Opening in upside direction indicating bullish momentum
Target 1450 for swing trade or else if it sustains hold until the trend is bullish
