1. After 9 months down trend starts from Nov 2020, Kotra are setting up a nice classic VCP since Sept 2021.
2. Today making a nice breakout from VCP set up. Hope price can sustain above 3.18 and challenge 3.44.
3. Price volume from left indicated that no major resistant ahead. Easier to move north.
4. Resistant at 3.44. If successfully break, possible...
Strong fundamental, increasing profit margin (2016-2019), considerably low PE among pharmaceutical counters.
A clear up trend since 2009 and currently within a bullish channel from May'20 UTD, coupled with good signal from OBV, therefore a plausible TP of 4.0.
Follow the trend, that's simple. Dont make it so complicated.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
THIS IS TRADE 95) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
kotra industries has been in uptrend ever since 2012…so now it is still in uptrend and the trend is not broken yet…
recent move, kontra has shown a “sharp knife” top and now is under consolidation…might retest as low as...
