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.
KPRMILL trade ideas
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 ;)
If you like my analysis , then do follow me for more updates, share my analysis, like it so others can also benefit from this :)
KPRMILL view for today 27th september Wednesday #KPRMILL INTRADAY VIEW
KPRMILL view for today 27th september Wednesday
Buying opportunity above 751
Stop loss range below 743
Follow strict risk reward and stop loss if you follow the level...
Charts for Educational purposes only.
Thanks,
V Trade Point
KPR Mill Limited - Reaccumulation Review► Phase of reaccumulation begins with a buying climax, wherein the previous rally takes a halt.
► Then a drop is seen which goes to the automatic reaction where other buyers jump in as they see value in the stock.
► After AR, a secondary test happens where another round of selling happens.
► AR and ST define the range of the reaccumulation. Note- at this point we are still not clear whether this is a distribution of reaccumulation.
► Then a spring occurs (optional). This is where weak hands are thrown away from the reaccumulation.
► In between support and resistance, creek occurs where price moves in neither direction doing time-pass here and there.
► Once the resistance is broken, we see big volumes at the LPS - last point of support. This is where we can confirm it is a reaccumulation phase.
This material shows schematics of reaccumulation phase and is only for educational purposes. Please consider taking professional advise from your financial advisor before entering any positions.
Please like and share if you find the material useful.
KPR Mill Poised for a swing upside of 15-20% with an RR of 1:21) KPR Mill is reversing from it's Monthly 0.382 Fib retracement zone.
2) Weekly timeframe shows a Double Bottom Pattern with breakout and retest and , moving up post the retest zone.
3) The retest has happened through a narrow range consolidation of about 7 weeks.
So one may consider for an upmove from current levels with 622 range as SL, for a target of 750 range, based on Daily close and Weekly close levels above the previous week range.
KPR Mills: Headed for a channel tradeCMP: 668 | Industry: Textiles
P/E: 28.87 | Industry P/E: 33.2|ROE: 23.4% | ROCE: 24.4% |BV: INR 108 | EPS: INR 23.1| MCAP: 32,033 Cr.
Aggressive Entry: 668 | Resistance Levels: 710 | 756 | 801 Stop Loss: 598
Confirmation entry levels > 680 | CCI: 92| EMA (9d): 658.7 | S. RSI: 72
Analysis: KPR Mills formed its last bottom in December 2022 at 485. Post that the stocks have been forming new higher highs and higher lows within a parallel channel with decent consolidation of 4 – 5 weeks on average before every rally to new monthly highs. The red line indicates the channel bandwidth line and a close above this line would indicate a confirmation to trade up to and beyond channel resistance levels. Entries at current levels can be taken for 710 levels and a strong support stands at 600, a close below which will hit the stoploss.
KPR MILL 40 % UPSIDE MOVEMENT 🚀🚀Cup and handle pattern form
Keep eyes 👀 on
Disclaimer:
I am not sebi registered person, I am not giving any buy or sell recommendation;I am just giving my personal opinion.please invest in your own risk.before taking any investment decision please consult your financial advisor .
I am not responsible for your financial loss.
KPR MILL LTD - 240 MINS LTD The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Trendline BreakoutPlease 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
KPRMILL - Bullish Swing ReversalNSE: KPRMILL is closing with a bullish swing reversal 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 12% 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
Disclaimer:
This is for educational purposes only.