Kitex Garments Ltd.*Kitex Garments Ltd*
Multiple Patterns playing out.
Rising C&H; Formation on Yearly Basis.
FiB Retracement working out.
*W* playing out on Yearly Basis.
RBs to form at rising higher levels.
To face multiple Resistance levels.
RSI: 1H W >M
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 levels on Weekly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*_Turmoil in Bangladesh a Big Positive for Indian Textile_*
Co. increasing capacity. Risking debt a concern. Profitable & growing business.
*Do your own research as well. This is an Opinion*
*_Happy Investing_*🤓
KITEX
#raymond #abfrl #nykaa #arvind #kprmill #kitex #pageind #trident#Raymond
NSE:RAYMOND
NSE:RAYMOND
RAYMOND
CMP: 780
Entry 770
Target 980
SL 700
RR > 3
TF < 6 months
Return ~ 30%
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
Kitex Multibagger PickKitex good accumulated at marked level from past 2 to 2.5 year.. Good add in every dips.. any break out above marked will give huge return... Targets mentioned on charts.. sl below 21 ema on closing basis monthly..
Chart is only for learning Purpose only.. ask your sebi registered advisor before entry..
#LearnToEarn