TradingView
BrahmaBull31
Jun 13, 2023 9:30 AM

KALYANKJIL - Bullish Consolidation Breakout Long

KALYAN JEWELLERS IND LTDNSE

Description

NSE: KALYANKJIL 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 12% gain on deployed capital in this swing trade.

The view is to be discarded in the event of the stock breaking previous swing low.

#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Comments
Prakash_Power
how did you set the resistance band? whats the logic?
BrahmaBull31
@Prakash_Power, Based on previous swing high.

Apologies the chart isn't showing that.
More