KEC is following the inclined H&S pattern and it can reach 400 range
KEC Intl - Breaking out with volumes. Took some trade at 454. SL is 410 on weekly close. Targets around 550. DISC: Not a SEBI Registered. I post charts for my own study.
Stock has broken out above its resistance zone on the weekly chart. This indicates strength and potential for the stock to reach out towards its next resistance zone which is it's all time high. Breakout is supported by very heavy and above average volumes. Delivery % in this week has also been above average, indicating underlying strength of buying and a bullish...
KEC is on verge of BO. it has been trading with good volumes today..it is in a channel pattern... 2 support ( marked by black arrows) and 2 resistance levels....BUT the tradable setup is AT LEAST 3 OR MORE S&R points ( Investopedia). sometimes we break the rules and trade and that is the RISK WE TAKE. CMP - 437 )( already 5% up) target 1 = 473 target 2 485
KEC.INT EQUITY levels ...18/06/2021 (D candle)
Kec nearing consolidation run, should breakout with an upside of 10% and equally on the downtrend. But probability 70-30
Can wait for Price Action in as per the trendline and support. Can Add limited Qty for tracking. Later add more on support from support line or trendline.
Business area of the company Power Transmission & Distribution: The company is a global leader in the Power Transmission & Distribution EPC space. This is the largest business vertical of the company. The company has capabilities to design, manufacture, test, supply and erect transmission lines on turnkey basis, along with end-to-end solutions for underground HT...
KEC IS CONTINUOUSLY IN UPTREND DUE TO ITS GROWTH AND PERFOEMANCE BUT IN 20-21 FY SOME LOSS IS OBSERVE DUE TO IMPACT OF COVID BUT RATHER THE STOCK IS GOOD IT ALSO BREAK THE BULLISH CHANNEL AND CONTINUE THE TREND SO FOR BUYING IT WE ARE TRACKING TO RETEST IT TO OUR ZONE SO WE CAN HAVE LITTLE STOP AND GOOD RISK TO REWARD RATIO AS THE UPPER TREND LINE AS OUR TARGET
We purely believe in demand zone where institutions r sitting with full of cash.. Go with 9 rps stop loss with target of 60 rps
Explanation: 1. Stock forms the ascending channel. Now, which was broken. 2. Stock is in Downtrend from 2 Months and breaks the Long term ascending channel and also forms the Descending Wedge which looks strong bearish. So that overall view is "Strong Bearish" Take the position only after the Breakdown from the Descending Wedge.
Breakout of a two month consolidation
LOOKS GOOD TO ENTER ABOVE 358 FOR 400/450 WITH SL 440/420 A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.