KMCSHIL has a symmetrical triangle pattern formation on the daily chart. Stock has been consolidating from mid September. The RSI is not quite encouraging at 43, but seems has given a BO, While todays closing candle is just outside the triangle pattern. stock has form a a good base around 59-61 & held it well during past 1 weeks correction. Low risk : High reward candidate. Target can be 90 with an SL of below 59 on DCB.
Disc: Invested, charts for education purpose only. Not a reco for buy/sell.
Disc: Invested, charts for education purpose only. Not a reco for buy/sell.
تعليق:
2nd UC locked in, the volumes have been increasing, perhaps the highest volumes in past 10 weeks. a weekly close above 70.05, will be good for the script to move upto next resistance of 80, with a small resistance at 72 on daily chart.RSI also given BO from previous high RSI of 24th Sept, while the price is yet to show the BO of previous high.
Disc : Invested, not a reco to buy /sell
Disc : Invested, not a reco to buy /sell
تعليق:
3rd consecutive UC, volumes are highest of the 3 UCs, corssed the minor resistance at 72, It may retest 70 as it was a BO/resistance level of 70. RSI is 77 so good strength. Disc : Invested, not a reco to buy /sell
تعليق:
BO restest done, moved up again with UC. Keep it on radar, with Covid rising (very unfortunate, i wish it just doesn't rises, Ok if i dont make a positive trade in this) hospital stocks will see upmove. Volume for upmove is more than the fall. RSI is good at 65.
Disc : Invested Not a reco to buy/sell