KEC International Budget 2023 BroadeningBase Darvas Box breakout
Kec International is a good techno funda pick for Budget 2023. Looking at charts we see a nice broadening base pattern + Darvas box consolidation + Volatility contraction pattern where its breaking out from down sloping line + If we see 50DMA ( red )is crossing 200DMA(golden yellow) and the trend is upside with momentum picking up in stock. This stock has not corrected much in recent Nifty/Sensex/Mid/Small cap fall. This shows good buying accumulation interest in stock.
Thus KEC International is our High probability pick for Budget Feb 2023 . With TARGETS of 860 ( Broadening base target ) and 825( Darvax Box target)
Thus KEC International is our High probability pick for Budget Feb 2023 . With TARGETS of 860 ( Broadening base target ) and 825( Darvax Box target)
Trade active:
This script has given breakout of the sideways accumulation of around 2.5 years.
This should bring momentum into the script which will eventually take it to the discussed targets of 800+ in coming time. Short term targets will be near 600 650.
This should bring momentum into the script which will eventually take it to the discussed targets of 800+ in coming time. Short term targets will be near 600 650.
Trade active:
Hi All,
Greetings of the day!
The levels shared for KEC International based on Darvas Box of around 825 are seen today. Congratulations of showing patience and doubling the money from the shared levels in September 2022.
Now the script is in nice uptrend and going up with volumes.
The order book is strong of around 18000 crores in FY24 and guidance till FY25 is strong too. The margins are expected to expand and this is tailwind for the script.
Keep holding this gem. Once 860 levels are crossed on weekly closing basis I will again give an update on the script.
If you like my regular updates and research then do follow me and like the analysis so it gets shared with most of the learners and we grow together :)
Cheers!
Greetings of the day!
The levels shared for KEC International based on Darvas Box of around 825 are seen today. Congratulations of showing patience and doubling the money from the shared levels in September 2022.
Now the script is in nice uptrend and going up with volumes.
The order book is strong of around 18000 crores in FY24 and guidance till FY25 is strong too. The margins are expected to expand and this is tailwind for the script.
Keep holding this gem. Once 860 levels are crossed on weekly closing basis I will again give an update on the script.
If you like my regular updates and research then do follow me and like the analysis so it gets shared with most of the learners and we grow together :)
Cheers!