KNR CONSTRUCTIONS SWING TRADING IDEAKNR CONSTRUCTIONS SWING TRADING IDEA
Buy on CMP or Lower than CMP if it comes down
Stop loss is below 280
Target is 332 to 345
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
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KNRCON trade ideas
KNR Construction Breakout TradeThe stock has broken out and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby.
The stock has previously broken out with good volumes and has retested the upper trendline which is the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones and previously upper Trendline.
*KNR constructions*Technically Strong candidate
we have seen good Trendline breakout and taking reversals on chart
Looking good for positional from cmp 227
Add on dip till 210
Closing basis SL will be 190
Tgt 240 270 300 340++
Time frame nearly 1-1.5year
Always use 30:30:30 buying formula
Note- Before any buying and selling please consult with your Finanacial advisor.
Buy KNRCON, can gain upto 18% from current price 216.90Reasons :
Last 3 candles
1st day red candle
2nd day gap down follow by recovery
3rd day gap up with long green candle
High Volume
broken down 204.40 resistance, represent 23.60% level as well
First Target 240
Second Target : 257
***You can go long on this stock, has good financial ratios