fundamental- 1.Recieves order Worth Rs 1030 cr on 1.10.2020 2.KEC International promoter Instant Holdings acquired 52,000 shares from Aug.27-28 3.Instant Holdings acquired 61,650 shares on August 26. 4.KEC International promoter Summit Securities acquired 95,000 shares from Aug.14-17 5.Recieves order Worth Rs 1401 cr on 4.09.2020 6.Recieves order Worth Rs1192 cr on 4.08.2020 7.Recieves order Worth Rs 1203cr on 19.05.2020 8.FII and DIIs both going bullish since 3qtrs 9. stock pe 16/ industry pe 33 (lot of scope to move)
Technical- flag pattern on weekly chart, which has been broken but price encountered further with a supply zone(350-360), above this stock has poatntial to go 440 level and beyond. obv has positive divergence, rsi is making a harmonic wave (sinusoidal increasing amplitude) . The upper boundary is sill there to be touched(shown by blue arrow). Once RSI will go above 70 , sellers will go home( stock will be bullish) . this will happen when price will go above 360.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.