Amazing breakout on Weekly Timeframe - KPRMILLCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
KPRMILL trade ideas
KPRMILL cmp 934Stock trading in its all time high zone. And its 52 week high zone also. It showing that it giving a horizontal line breakout with gaining volume .With the confirmation of Upper Bollinger band Breakout.We can find a swing trade in this stock with 1: 4 Risk Reward ratio. Add to wachlist and see what happen in coming days.
KPR MILL LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity.
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
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@visionary.growth.insights
KPR mill boom boom boom be ready for a roller coaster ride.KPR mill can double from here with in few days. Sl below the trend line.
Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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KPR MILLS - READY???The chart is pretty self-explanatory as always.
if you have any doubts or queries, let me know in the comments below.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Short KPRMILLThe Market is heavy sell side but it will take a breath and follow the fall
As per price action formation has been made in 1 week TF.
Its a very big move.
Always check the sentiments of the market as per technical analysis, if the pattern get its respect.
Best of luck to all traders.
You are responsible for your Profits and loss, Shared for Educational purpose.
K P R Mill LtdTarget - Given in chart
SL - As per your apetite
Old Chart
FUNDAMENTALS
Market Cap
₹ 28,570 Cr.
Current Price
₹ 836
High / Low
₹ 928 / 543
Stock P/E
35.6
Book Value
₹ 118
Dividend Yield
0.47 %
ROCE
24.4 %
ROE
23.4 %
Face Value
₹ 1.00
Price to book value
7.05
Intrinsic Value
₹ 387
PEG Ratio
1.57
Price to Sales
4.53
Debt
₹ 843 Cr.
Debt to equity
0.21
Int Coverage
14.5
Reserves
₹ 4,009 Cr.
Promoter holding
73.8 %
Pledged percentage
0.00 %
EPS last year
₹ 23.8
Net CF
₹ -12.7 Cr.
Price to Cash Flow
95.7
Free Cash Flow
₹ -52.0 Cr.
OPM last year
20.6 %
Return on assets
15.4 %
Industry PE
30.2
Sales growth
11.0 %
KPR Mill post bo consolidationKPR Mill has cleared its Jan 2022 high and went into consolidation.
It has now formed an inverse Head and Shoulders pattern on the daily chart and trying to break out.
CMP : 801.2
A good chance for the stock to move up to 900 and 1000
inverse head and shoulders invalidation occurs below 745
KPR MILLS
After facing a rejection at 925 levels the stock retreated to 200 SMA levels. Taking support at the 200 MA level the stock is attempting to bounce back. It has crossed above the 200 and short-term moving averages. It has also crossed above the supply line. The last two bars with wide spread up bars closing up indicating good quality buying. Recent increased delivery volumes also indicated accumulation. Now there is high probability the stock will test the previous PRZ level at 872-925. Other parameters like Relative strength is on the verge of turning positive. Money flow is already positive. Ease of movement will be better once the price moves beyond 802.
KPR MILLS The company produces a wide range of products viz. yarn, fabric, garments, sugar, molasses, ethanol, automobile parts, and others. It has a presence across the textile, sugar, power, and automobile industry.
Target and SL in chart
Market Cap
₹ 21,398 Cr.
Current Price
₹ 626
High / Low
₹ 639 / 479
Stock P/E
26.2
Book Value
₹ 108
Dividend Yield
0.31 %
ROCE
24.7 %
ROE
23.6 %
Face Value
₹ 1.00
Promoter holding
74.8 %
EPS last year
₹ 23.8
EPS latest quarter
₹ 6.13
Debt
₹ 1,348 Cr.
Pledged percentage
0.00 %
Net CF
₹ -12.7 Cr.
Price to Cash Flow
71.6
Free Cash Flow
₹ -51.9 Cr.
Debt to equity
0.36
OPM last year
20.6 %
OPM 5Year
21.4 %
Reserves
₹ 3,673 Cr.
Price to book value
5.72
Int Coverage
14.8
PEG Ratio
1.14
#KPRMILL 684 target 800 Buy - Rachit SethiaKPRMILL
CMP 684
TGT 800+
SL 625
RR = 2
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
Resistance Breakout - KPRMILLPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Bullish saucer pattern in KPR Mills ( KPRMILL ) weekly chartHi All,
Hope you are doing well :)
A bullish saucer pattern is observed in on of the leading stocks in Textile sector ie: KPR mills.
More on Saucer patterns in the link below:
www.oreilly.com
The volumes are supporting the up-move which is a good indication. . The base formation in range of 500 to 650 for almost 1 year+ gives an indication of accumulation and script is in strong hands
The textile stocks have been consolidating for a while now which is good sign for gaining additional confidence that there is less downside.
India is focussing on exports oriented growth in this sector and policies are also supporting it.
The promotor holidng is 75% and FII, DII holidng is 17%. As just 8% is in public, the free floating shares are less which shows high demand in script.
Based on the on the height of the saucer levels of 1200 can show profit booking.
Based on Fibonacci, 950 1250 are the levels to watch out for now.
The targets will be revised based on the formation of chart structure.
Stop loss based on appetite can be below 620 on weekly closing basis
Enjoy the move and hope you are making most of it by learning how the momentum stocks show strength :)
Happy trading ;)
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