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%...
> Soon to Breakout
> Volume indication for Breakout exists
> For breakout confirmation it has sustain above 130
> Market conditions not suitable for rapid moves
> Target might need about 10 months
Note: InvestIn10 would ride this till Momentum exists. The Target & SL are for Swing Investors only.
*KALYAN JEWELLERS IND LTD*
Time Frame: Daily
Observation:
* Falling Wedge Breakout
* Swing High Break
Resistance/Target:105 111 118 122
Support: 93; Dynamic Support of 200 EMA at hourly time frame
breakout with good volume rs is positive rsi > 50 i think it can make 100+ this time festive season coming up after 2 years of covid restrictions
Keep SL according to your risk
Kalyan Jwelars - On weeakly chart formed a DIAMOND patron. Quarterly sale of TITAN are increased. Also Kalyan Jwelars increase their number of stores globally. rally starts on Diamond breakout.
