#KNRCON #KNR #CONSTRUCTIONS KNR Constructions Ltd. CMP: 260.30 Target: 283 SL: 242 If you like my work, kindly LIKE, SHARE, & FOLLOW for latest stock recommendations. :)
Reasons : Last 3 candles 1st day red candle 2nd day gap down follow by recovery 3rd day gap up with long green candle High Volume broken down 204.40 resistance, represent 23.60% level as well First Target 240 Second Target : 257 ***You can go long on this stock, has good financial ratios
trend line breakout and retest done BUY above 300 for target of 350 with SL 280
Even RSI also giving higher high's in daily chart . however we could see a resistance at 300 level which may lead to small correction. as long as it sustains above 200DMA we can add on every dip.
KNR Construction has been gaining for the last 2 days and has risen almost 10% returns in the period with volume 25% above its 5 day average and also forming symmetrical triangle pattern . Look for possible breakout at 283-285.
Buy KNR Constructions at CMP SL : 235 Tgt : 265, 280, 290 till December end Nice close above 200dma, MACD bullish cross over... Disclaimer : Sharing for educational purposes
KNR Constructions Possibly heading towards 283-290. Support is at 230. Above 290 could give a big breakout.
As per Daily charts: descending triangle: Sell: 183,Target: 145 SL: 210 Overall LT target of 57 as per rounded top formation Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.