raigvivek

KCP Ltd. Bullish Inverted H&S Breakout

Long
raigvivek Updated   
NSE:KCP   KCP LTD
Hi,

An inverted Head and Shoulder pattern is emerged on the Daily Chart of KCP with good volume. One can create a fresh position in the scrip at 115 with SL of Rs. 105 on closing basis for 1st traget of 125 and 2nd target of 235.

The risk to reward ratio is 1:2

Exit the position if the stop loss is triggered on DCB.

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Trade active:
Please read 2nd target as 135
Trade active:
After Breakout tested the trend line and going upwards steadly
Trade active:
Marching towards First Target
Trade active:
1st Target Achieved.............. Enjoy The Money rain.....Guys.........

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