Weekly Flag Breakout in Kolte Patil Developers
Introduction:
The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru.
Kolte-Patil is a trusted name with an established reputation for high quality standards, design uniqueness and transparency. Headed by a team of visionaries and dynamic leaders, the long-lasting mission of the company is to create spaces which are present-perfect and future-proof, blend well with the surroundings, and exude vitality and aesthetic appeal. Honesty, innovation, excellence, sustainability, value creation, and commitment to timely delivery are the core values of our company, which are perfectly aligned with every sq. ft. we build.
The Company’s long-term bank debt and non-convertible debentures have been rated ‘STABLE’ by CRISIL, the highest rating accorded by CRISIL to any publicly listed residential real estate player in India.
Analysis
A Weekly Bullish Flag and Pole pattern is visible on the charts of
KOLTEPATIL
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 540.-550 levels with the stoploss of Rs. 480 on weekly closing basis. The 1st target will be 601.25 , 2nd target will be 666.60, 3rd target will be 710.60 and 4th target will be 740.20.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
The company has been creating landmarks for over 3 decades and has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru.
Kolte-Patil is a trusted name with an established reputation for high quality standards, design uniqueness and transparency. Headed by a team of visionaries and dynamic leaders, the long-lasting mission of the company is to create spaces which are present-perfect and future-proof, blend well with the surroundings, and exude vitality and aesthetic appeal. Honesty, innovation, excellence, sustainability, value creation, and commitment to timely delivery are the core values of our company, which are perfectly aligned with every sq. ft. we build.
The Company’s long-term bank debt and non-convertible debentures have been rated ‘STABLE’ by CRISIL, the highest rating accorded by CRISIL to any publicly listed residential real estate player in India.
Analysis
A Weekly Bullish Flag and Pole pattern is visible on the charts of
KOLTEPATIL
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 540.-550 levels with the stoploss of Rs. 480 on weekly closing basis. The 1st target will be 601.25 , 2nd target will be 666.60, 3rd target will be 710.60 and 4th target will be 740.20.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
