kelltontec kelltontec good for long term target is big approximate double in future picking for good rr
KELLTONTEC trade ideas
KELLTON TECH This chart is based on the Elliott Wave Theory. If the price holds above the Invalid point we can assume the wave 3 is under development. Targets can be 600 and above.
Head and shoulder + falling wadgeHead and shoulder break out is possible and also falling wadge pattern can breakout but after day candle close above 79
TA on a fundamentally good stock49 has been historically easy to break down,but on the flipside is difficult,so try to enter above 53.
price action is always king.
my call
BUY IF 1D CANDLE CLOSE ABOVE 53
TARGET 65
SL 46
REWARD/RISK=12/7=1.7
ALSO GOOD TO HOLD FOR LONG TERM TOO
KELLTON DAILY CHART given a trendline breakout , 54-55 immediate resistence if closed above then next tgt 58/62/73, very good comp to hold in long term portfolio
KELLTON TECH EQUITY levels ...06/07/2021 (D candle)😊KELLTON TECH EQUITY levels ...06/07/2021 (D candle)
kellton techBusiness Update:
• Launched tHRive+ – a Smart, Analytics-Based Solution to reimagine HRM Experiences, the solution transforms core HR processes, reduce costs and build a fully engaged and compliant global workforce management solution for clients
• Launched KeLive — a Building Management Solution Underpinned with AI and Smart Analytics, and engineered to help real estate agencies and property management companies automate rule-based tasks and manage administrative operations anywhere, and across devices.
• Established a new Partnership with Snowflake, enhancing our Cloud Data warehousing, Cloud ETL-based service offerings to clients.
• The company won 6 new clients this quarter.
Kellton Tech Solutions Ltd. has a strong suite of proprietary products (Kellton4Media, KLGAME, Optima, tHRive) that have helped it win clients. It also has strong partnerships with leading technology companies such as Systems Analysis Program Development and International Business Machines. Also, it continues to expand its suite of services by strategic investments in newer technologies.
Concerns that needs to be monitored ahead-
• Any significant technological changes which adversely impact the digital business of the company.
• Any unplanned debt-led Capex or acquisition.
• Any weakening of the business profile resulting from the renegotiation of contract terms or any adverse change in the industry structure.
KELLTONTEC - Bullish Head & Shoulder Breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks in order to reach the first target and then for final target it may take few months as the target is big.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
KELLTONTEC - Buy TradeMultibagger Stock Pick
KELLTON TECH - Buy
CMP 78. Target Rs140
Kellton Tech Solutions Ltd. is an Indian IT, outsourcing and software development company headquartered in Hyderabad with offices in US and Europe
with market cap of around 727cr, trading on a PE of just 10.9, ROCE at 20.7%, Book Value of 46.7, Face value of 5 and has a promoters stake of 55.85% with FII 1.34%.
And why should I buy it ?
1) One of the leading company for digital transformation and integration.
2) Digital commerce & Marketing.
3) Outsource product development.
4) Delever SAP solutions end to end and is a certified SAP gold partner.
5) Internet of things platforms and solutions.
6) Strong presence in US, EUROPE. INDIA, and Asia Pacific.
7) The company appeard four time in the Deloitt technology fast 50 India list.
8) The company is a part of Forbes Asia under a billion top 200 company list.
9) Won the "Integration partner of the year" award in London.
10) They have a very big clienal list from startups to fortune 500 companies, to name few Cococola, Walmart, MAX life, UPS, Novartis, Univision, snapdeal, hatway, Flipkart, KFC, Paytm, Pizza Hut, Religare, Dupont, Makemytrip, policy bazaar, and many more.
11) Kelton recently announced that it has been chosen by ZEE5, India’s Entertainment Super-app, to build a next-generation, cloud-native content management system (CMS) that delivers relevant, real-time content experiences across all constituents of business.
12) Received a contractor $5ml from Food Corporation of India Ltd for implementation and maintenance of HR and management system.
13) Fy19 and 20 were very challenging years for IT companies and despite that the company registered a top line of 770cr, EBITDA 116cr, maintained margins of 15%, and PAT of 71cr. with an EPS of Rs. 7.55
14) Very strong return ratios, last three yrs. ROE track records is 24 to 25%
15) The average multiples for IT sector is around 50 to 60 PE levels, so now we can see how valuation are so attractive for Kellton.
Last and final point which I would like to highlight.
16) They have entered into a new streem which is booming right now, and that's *cryptocurrency trading.*
They have started developing platforms where crypto trading can be performed and is the hot theme running now a days, will develop NFT technologies and on that the trading platforms will be built. The contract which they received is very significant. Big giants are also about to enter in the same field and Kelllton will definitely have an upper edge.
Buy it to Double Your Money.
Cup with handle in formationCup base duration (3-Jan to 8 Apr) - 17 weeks
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)
Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.
Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
KELLTONTEC weekly closing above 101 KELLTONTEC stock must close above 101 on weekly closing basis for confirm up move after long down trend with sector
The next 8 milesBuy at CMP of 201.25 with a target of 233 in the short run with a stop less of 195.
breakout only confirmed with a break out above 233.
