KEC trade ideas
Wedge Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
KEC - Bullish Consolidation BreakoutNSE: KEC is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
KEC BREAKOUTKEC on the weekly chart is consolidating in a symmetrical triangle pattern from past three months and the prices are getting squeeze within the triangle pattern.
Prices has witnessed a breakout out of a symmetrical triangle pattern and due to the sharp price surge stock is trading above its 9 & 21 WEMA.
In the lower pane of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend has also given consolidation breakout which is placed at above 55 levels.
The resistance for the stock is placed at 540 levels and support for the current pattern is placed at 420 levels.
KEC International Short Term Reversal TradeThe stock has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is place near upper trendline.
Note: Make sure to enter trade only after Reversal is confirmed, Don't enter during a breakdown.
KEC International Positional Long Setup
KEC International Price action has been trending upwards in an upward channel. A positional trade looks favorable. Look to accumulate above 404. A breakout above 520 is likely.
Company has good management. Strong balance sheet, recent deal wins and positive commentary provides confidence.
Positional Long Trade on KEC IntlStock has broken out above its resistance zone on the weekly chart. This indicates strength and potential for the stock to reach out towards its next resistance zone which is it's all time high.
Breakout is supported by very heavy and above average volumes. Delivery % in this week has also been above average, indicating underlying strength of buying and a bullish outlook ahead.
Analysis is purely on price action coupled with volume analysis.
on verge of BOKEC is on verge of BO. it has been trading with good volumes today..it is in a channel pattern... 2 support ( marked by black arrows) and 2 resistance levels....BUT the tradable setup is AT LEAST 3 OR MORE S&R points ( Investopedia). sometimes we break the rules and trade and that is the RISK WE TAKE.
CMP - 437 )( already 5% up)
target 1 = 473
target 2 485