Kirloskar Ferrous Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Price was in uptrend and then at ATH it was in consolidation from last 4-5 months and broke today with good volume support.
Nearby Support is now 478 which was acting as resistance. Once Resistance broke becomes support. If it sustains tomorrow or till this week then we can see good move upwards.
will try to buy if price retest this resistance or if there is any pull back near support of 477. and will buy with stoploss at 477. Target will be 515,520.
I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting. It will only take seconds.
Thanks everyone.
Kirloskarferrousindustries
Kirloskar ferrous: strong breakout Kirloskar ferrous CMP308 is a potential breakout candidate. Keep it on your radar!
KIRLOSKAR FERROUS IND LTD Cup and Handle Pattern Formation*KIRLOSKAR FERROUS IND LTD*
Time Frame : Daily
Observation:
* Cup and Handle Pattern Formation
* Swing High Brake
Resistance/Target: 300 322 345 358
Support : 248 236 200
Kirloskar ferrous: strong breakout Kirloskar ferrous is a strong candidate for the potential breakout on weekly charts. Keep it on your watchlist!
