KPIL trade ideas
KALPA-TARU can give 25% returns in short term!!The stock is currently in wave iii of III which is projected moving towards INR 895-910 zone.
'Wave I' unfolded in the stock from June-Oct 2023 and then the price witnessed a 50% retracement of the wave I in 'wave II' through the months of OCT-NOV.
The stock is now going for the completion of the 'Wave III' target of INR 895 but the 'Wave III'
is sub-diving into minor waves.
We could see a 'wave i' of Wave III in late Nov and a subsequent 70% retracement of the same through Dec.
Leaving aside the Elliot-wave counts and structure, the stock is also now attempting to go past a very strong supply/resistance zone of 695-710. The stock has made 3 attempts to clear above the zone in the past but not managed to do so but this time around the extra-ordinarily high volume could help. KPIL closed with a massive +7.85% gain along with nearly 30 fold increase in average daily volume.
predictive analysis in wcbNSE:KALPATPOWR making Cup & Handle Chart Pattern in wcb after made a significant upmove. it will continue make rally once it closes above the breakout zone.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
KalpataruKalpataru Power Transmission Ltd is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation
Closure above the supply zone on DCB , will bring target of 600 / 732 with strict stop loss at 493
Market Cap
₹ 7,917 Cr.
Stock P/E
20.1
Book Value
₹ 284
Dividend Yield
1.22 %
ROCE
13.4 %
ROE
9.67 %
Promoter holding
51.6 %
EPS last year
₹ 36.3
EPS latest quarter
₹ 5.78
Debt
₹ 4,333 Cr.
Pledged percentage
50.4 %
Net CF
₹ 524 Cr.
Price to Cash Flow
11.1
Free Cash Flow
₹ 452 Cr.
Debt to equity
1.03
OPM last year
8.77 %
OPM 5Year
11.6 %
Reserves
₹ 4,196 Cr.
Price to book value
1.87
Int Coverage
2.43
PEG Ratio
1.01
Triangle Pattern Breakout in 1 WTF!>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up!
> The 50-DMA should be broken with the good volumes is the only concern!
>The 4 Supports Levels are significant because they respected the same levels of (335-354) every time.
>There is also the formation of High-Tension Lines which is a good sign.
>The Stop-Loss is the best part of this set-up(>5%)
Let's Watch with patience!!!
Kalpataru Power Transmission (LONG)Broken 200 EMA on daily chart with strong candle and volume
Broken trendline resistance and taken support on it
following incline trendline
Buy near 395 - 400
SL 375
TGT 441 - 477
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
Move inside channelthe stock has been falling since some time...2 scenarios possible - it will break the lower channel and keep sliding down. OR it will start moving UP INSIDE THE CHANNEL..it has been doing higher highs as seen in the channel pattern, so let us be optimistic. it can do a 22% move at least ( RR - 1:3.5) if it moves up. keep watching. This is an idea, not a recommendation.