💥Kamdhenu Ltd💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-466-470
Breakout Price-466
Stoploss-355
Targets-622
RT for max reach
#kamadhenu #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Hi, As per my analysis, NSE:KAMDHENU is not ready to move up again. Best level to take buy entry will be 280 with stop loss of 260 (-20 Points). My expected upside target would be 303 (+23) & 350 (+70). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
KAMDHENU LTD: After a stupendous rally of 230% from 130 to 430 in Nov-22 to Jan-23 (3 months) , it was in a descending tringle consolidation. Today it BO this triangle with good volume.
Buy above only 315 for a target of 430 with strict SL of 280.
I am testing the water with this buy. Buying only tracking quantity at this juncture of market.
keep strict SL.
swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
The stock saw a good breakout from trendline after long consolidation. Even the breakout volume is good, the stock even got retested at trendline and now its at 50 ema support too . A good bounce from ema can give min 10% profit. Anyways the Metal index is not supporting. I will wait until buying comes till 350 and also I will watchout for volumes before buying
NSE:KAMDHENU
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this...
After a #longterm #trendreversal breakout few weeks back, it has started the week with blockbuster volumes. Esp. in current market scenarios, it's strength definitely deserves a conservative bet. I have added today around 157 with a stop-loss of less than 130. First target is upwards of 200. Let's see!
