Today, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity.
Reasons are listed below :
KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential...
crosses 791.10
entry: 791.10
stop loss: 718
target: 934
NOT SEBI REGISTERED, do your own analysis before taking trade, its my personnel view , and its only for educational purpose
1) KPR Mill is reversing from it's Monthly 0.382 Fib retracement zone.
2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone.
3) The retest has happened through a narrow range consolidation of about 7 weeks.
So one may consider for an upmove from current levels with 622 range as SL, for a target of 750...
NSE: KPRMILL is closing with a bullish swing reversal 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...
Lower volume with consolidation pricing action. Accumulation till 440-45 for immediate target of 520-25.
On daily chart there is a RSI divergence clearly showing a positive consolidation aiming for a breakout in Apr'23.
On weekly chart, likely to take support around 50 DMA.
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...
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
