*Everest Kanto Cylinder Ltd*
RB Formation on Monthly Basis underway!!!
Rising C&H; Formation on Yearly Basis underway!!!
Bol. BuiltUp gaining Traction.
Major Resistance @ 181/ 192/ 207/ 226/ 242/ 264.
RSI: 1H M (Though All in Bullish Zone).
EMA: Gaps Starting to widen up.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*Do Your Own Research as well....
The stock is in uptrend in weekly,Monthly,Daily.
The stock has given a 1 year old breakout in Nov 2023, then again entered consolidation and broke out in Feb 2024, now has given a retest and ready to continue upside, indicated by price action.
One may consider entry at CMP for a target of 190 level.
The stock is coming out fresh off a FVG and the trend has turned bullish. It is also making a HH LH market structure, further indicating the bullish-bias. We have attached two targets in the chart and the stop loss has also been attached. No buy sell/reco. NSE:EKC
EKC is looking good for Swing Trading Opportunity.
CNG prices are looking steady on back of range bounc Crude prices. Management has guided for 10% growth over H1 FY24. Following year FY25 15 to 20% growth expected.
Daily chart is looking good and trading above long term moving averages. The stock did retest of breakout around 121 zones.
Reversal is expected...
Everest Kanto Cylinder Ltd. (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipment used for containing and storing natural gas, liquids, and air.
155 is the next resistance for the stock
my target is 180 with stop loss of 115
155 level can achieve in next two sessions.
no recognition for buy and sell
everest kanto is now in the verge to break the trendline which is been respected for so many days. Now, there is the possibility of a trendline breakout. If it breaks then we can go for the Target of 180 approx. But wait till the breakout.
The Everest Kanto Cylinder is a type of cylinder lock used in many countries around the world. It is a five-pin tumbler lock, which means that it has five pins inside the cylinder that must be aligned in order for the lock to open. The cylinder is made of brass and is usually mounted on a door or window. The cylinder is also commonly used in combination locks,...
It has given symatrical triangular breakout.... Can give good upward move in comming days...will it touch 190/210/240/265 or 290+++??????
I m not sebi regt analyst...post is only for an educational purpose...do ur own diligence or consult ur financial advisor before taking any position
