KAMDHENU trade ideas
Kamdhenu - Medium TermWave 5 commenced. Breakout of Falling wedge pattern in wave 4, retesting upper trendline of wedge. If retest holds, it should make a new high. Once wave 5 is completed, a three wave pattern of decline will follow.
Disclaimer: I am holding long positions in this stock. Hoping to get out at wave 5 and then rebuy it once correction ends.
KAMDHENU LTD Buy IdeaHi, As per my analysis, NSE:KAMDHENU is not ready to move up again. Best level to take buy entry will be 280 with stop loss of 260 (-20 Points). My expected upside target would be 303 (+23) & 350 (+70). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
KAMDHENU LTD: Coming out from descending triangle patternKAMDHENU LTD: After a stupendous rally of 230% from 130 to 430 in Nov-22 to Jan-23 (3 months) , it was in a descending tringle consolidation. Today it BO this triangle with good volume.
Buy above only 315 for a target of 430 with strict SL of 280.
I am testing the water with this buy. Buying only tracking quantity at this juncture of market.
keep strict SL.
Swing trade in kamadhenu The stock saw a good breakout from trendline after long consolidation. Even the breakout volume is good, the stock even got retested at trendline and now its at 50 ema support too . A good bounce from ema can give min 10% profit. Anyways the Metal index is not supporting. I will wait until buying comes till 350 and also I will watchout for volumes before buying
KAMDHENU stock is about to break the trend line.NSE:KAMDHENU
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
#Kamdhenu After a #longterm #trendreversal breakout few weeks back, it has started the week with blockbuster volumes. Esp. in current market scenarios, it's strength definitely deserves a conservative bet. I have added today around 157 with a stop-loss of less than 130. First target is upwards of 200. Let's see!