Kalyan Jewellers. Aiming for another up move?
Updated
#Tradeideas. #klayanjewellers.
After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it.
🟢Trdaing right at 50 DMA. Formed a bullish
Marabozu at 50 DMA.
🟢Bullish sentiments of Jewellery stocks around
marriage season.
🔴 Q2 results around the corner. If the results are not
as per the market then good chance for hitting SL.
🔴Overall bearish sentiments in the market.
Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it.
🟢Trdaing right at 50 DMA. Formed a bullish
Marabozu at 50 DMA.
🟢Bullish sentiments of Jewellery stocks around
marriage season.
🔴 Q2 results around the corner. If the results are not
as per the market then good chance for hitting SL.
🔴Overall bearish sentiments in the market.
Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
Trade active
Kalyan Very close to our T1. Watch the Price Action at T1 for further additions or fresh entries. 
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