Kirloskar
KIRLOSENGNSE:KIRLOSENG
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
KIRLOSKAR FERROUS IND LONGOn daily chart, with a good volume, a breakout is being seen. Due to the reason that the monthly RSI is in overbought zone, I have reduced the target, otherwise as per basic rules, target is above 600. You can enter on this candle and wait but wait for the weekly candle to close above the consolidating range. The target is expected to reach till the green box ends.
Disclaimer:- I am not a SEBI Reg. Analyst. Do your own research before trading or investing.
Kirloskar Ferrous Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Price was in uptrend and then at ATH it was in consolidation from last 4-5 months and broke today with good volume support.
Nearby Support is now 478 which was acting as resistance. Once Resistance broke becomes support. If it sustains tomorrow or till this week then we can see good move upwards.
will try to buy if price retest this resistance or if there is any pull back near support of 477. and will buy with stoploss at 477. Target will be 515,520.
I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting. It will only take seconds.
Thanks everyone.
KIRLOSKAR FERROUS IND LTD Cup and Handle Pattern Formation*KIRLOSKAR FERROUS IND LTD*
Time Frame : Daily
Observation:
* Cup and Handle Pattern Formation
* Swing High Brake
Resistance/Target: 300 322 345 358
Support : 248 236 200