SWING IDEA - KPR MILL LTD
Updated
Today, we delve into KPR Mill Ltd, where a confluence of technical factors suggests a potential swing buying opportunity.
Reasons are listed below :
Target - 861 // 928 // 1050
StopLoss - weekly close below 716
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength.
- Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment.
- The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support.
- Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment.
- With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend.
Target - 861 // 928 // 1050
StopLoss - weekly close below 716
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade active
price up by 5.5%Note
We can expect a fast movement in KPRNote
Bullish marubozu candle formed which engulfed the previous week's candle.Note
Price up by 9% from our buying priceTrade closed: target reached
1ST TARGET ACHIEVED - 13.5% ++Note
Price is consolidating near 850, wait for further targetsNote
retested crucial levels nd is now bouncing backNote
HOLD!Note
made new swing high!Note
moving closer to our 2nd targetTrade closed: target reached
2nd target achieved : 21%++Note
Made a high of 31%+Note
hold!Note
all time high weekly close
Trade closed: target reached
3rd target achieved : 37%++
Disclaimer
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