KPR MILL clean BreakoutThe idea here is about KPR MILL LTD
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Weekly Candle Highlighted in chart is a Harami Pattern.
2. Gartley Pattern Completed on a weekly chart.
3. Broken out of Downtrend Channel with Good Volume .
4. Support on 20 EMA established.
5. Kumo Twist on a Daily chart is strong.
6. MACD Crossed over Signal on weekly chart.
7. RSI Comfortable at 55.01 on a weekly Chart.
Targets : Estimates based on Gartley pattern provided on the chart for reference.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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KPRMILL trade ideas
#KPRMILL #BLOCKCHAIN #NFT #SHIBAINU #iot #ml #clothing #fashionKPR Mill Ltd.
NSE:KPRMILL
NSE:KPRMILL
CMP: 494.10
Target 1: 585
Time frame: <3months
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.
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With 💚 from Rachit Sethia
KPRMILL - LONGKPRMILL is looking an awesome trade from here
- Trending stock
- Near to ATH
- Bullish Flag setup (with volumes)
- Weekly above 1530 is open sky
- RSI
- Daily RSI bouncing from near 60 levels
- Weekly RSI already above 70-80 levels
Aggressive trades can go long from here with SL 1299 CLSB
Or one can trade after BO level of 1530 with same SL