MEDIUM TERM PICK : KSCL
Reasons for Buy
1) 1st Bull Fractal Break resulting into impulsive upmove
2) bear fractal not broken and support taken
3) price move up after 1st FFB , SB also moving UP
4) Arriving at the Support formed during impulsive move with lots of indecision and higher lower wicks, which shows lower price rejection
5) forming bullish engulfing previous 2 candles
6) Daily Perfect Kumo Breakout
Entry: if Current Monthly Candle engulfes previous 2 candles at close. Take Entry 1 tick above high of this candle
Stop Loss: CB 422
TARGET 1: 668.2
TARGET 2: 814.7
TARGET 3 :1051.7
1) 1st Bull Fractal Break resulting into impulsive upmove
2) bear fractal not broken and support taken
3) price move up after 1st FFB , SB also moving UP
4) Arriving at the Support formed during impulsive move with lots of indecision and higher lower wicks, which shows lower price rejection
5) forming bullish engulfing previous 2 candles
6) Daily Perfect Kumo Breakout
Entry: if Current Monthly Candle engulfes previous 2 candles at close. Take Entry 1 tick above high of this candle
Stop Loss: CB 422
TARGET 1: 668.2
TARGET 2: 814.7
TARGET 3 :1051.7
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