KNR CONSTRUCTIONS : WEEKLY ROUNDING BOTTOMNSE:KNRCON Weekly rounding bottom with positive momentum macd.
KNRCON trade ideas
KNR Construction Ltd trend analysisAs you see the price is moving inside an ascending channel.
It broke out of trendline resistance in August and now retested for potential upside.
RSI is adding more confluence by showing strong bullish divergence.
It is currently trading at a forward PE of 14+ whereas the industry PE is around 28.
A gem amongst its peers with robust fundamentals.
Do check its fundamentals to see how steadily reserves and EPS are growing.
Good to buy at CMP with stop loss at 240 for following targets.
Short term swing target @ 350 (32.7% ROI with 3.64 R:R)
Medium term swing target @ 485 (84% ROI with 9.34 R:R)
It definitely has the potential to achieve 700+ level in long term, will update once it achieves the medium term target.
I don't think stop loss is required.
As always do your own due diligence before taking any action.
Peace!!
knr constructions 1w time frame symentric triangle breakout buyknr constructions 1w time frame
symentric triangle breakout buy @ 280.60
target @ 295, 305, 315, 323
risk reward 2.17
sl@ 248.30
KNRCON READY FOR BREAKOUT Entry at 245 to 250
Target 268
Next average at 210Rs
Listing o 2008 and after 15 years it already gave 1700% return so it can be good for long term also
Basically fundamentally strong counter.
KNR Construction - Potential Swing Trade- Near Weekly Break Out
- Increase in Volume
This is not buy recommendation, for education purpose
Due your own analysis before entering any trade
#KNRCON 270 Tgt 320 Buy - Rachit SethiaKNRCON
CMP 270
TGT 320
SL 252
Return ~ 20%
TF 6months
RR >2.8
NSE:KNRCON
#KNRCON
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
KNRCON - Bullish Consolidation BreakoutNSE: KNRCON is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
KNR Constructions good move ahead !!This can give good move from hereon
Took support at Fib50 level and consolidating inside rectangle..
Also taking support on Key MAs on daily chart..
Looks good on both weekly and daily.
KNRCON LONGPRICE Consolidating near resistance level
EXPECT BREAKOUT SOON
Long order placed above the resistance
#KNRCON Sup & Resi & imp Levels#KNRCON #Knrcon Now Hold above 321.65 - & 322.40 then intraday It can try to kiss 327-331+
near 327-&-331 profitbooking can come but that digest then chart suggesting sharp move towards 345 to 356 or even biggerrrr
We are Loving This Stock Too Much in long term but levels are very imp we will go as per levels not blind way
Intraday
Imp Points AT
313
307.87
298.10
EDUCATIONAL PURPOSE ONLY !!
KNR Construction .LONG TERM 1. Forming an Inverted Head and Shoulder pattern .
2. Volumetric profile shows , Buyers will come up
3. RSI above 60 and moving uP .
4. Over the last 5 years, revenue has grown at a yearly rate of 19.75%, vs industry avg of 4.57%
5. Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
6. 12.81% away from 52 week high
7. FII/FPI have increased holdings from 2.29% to 4.29% in Sep 2021 qtr.
8.Institutional Investors have increased holdings from 36.64% to 38.15% in Sep 2021 qtr.
9. Trade when it moves above the necline with High Volumes .
LIKE IF YOU AGREE
KNR ConstructionsI have been watching KNR Construction for long time. This is my comfort zone where I can buy with small quantity and wait for a trend to emerge. Volume is good between 280 & 300 and delivery % is also good. No opinion on Fundamentals. Purely Technical call.
KNR CONSTRUCTIONS SWING TRADING IDEAKNR CONSTRUCTIONS SWING TRADING IDEA
Buy on CMP or Lower than CMP if it comes down
Stop loss is below 280
Target is 332 to 345
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
KNR Construction Breakout TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby.
The stock has previously broken out with good volumes and has retested the upper trendline which is the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones and previously upper Trendline.
KNR ConstructionWait for retracement till .5 Lvl. (213.75)
Can add small Qty and move as per price action.
Final Target : 271
Final Target : 292
Flag pattern. Could go up.KNR has formed a flag pattern in Daily charts...if it crosses the upper trend line expect it to go up to 221, 233 and above...if it opens with a big surge of volume it can scale 250 also
*KNR constructions*Technically Strong candidate
we have seen good Trendline breakout and taking reversals on chart
Looking good for positional from cmp 227
Add on dip till 210
Closing basis SL will be 190
Tgt 240 270 300 340++
Time frame nearly 1-1.5year
Always use 30:30:30 buying formula
Note- Before any buying and selling please consult with your Finanacial advisor.
