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SWING IDEA - KPR MILL LTD

업데이트됨

Today, we delve into KPR Mill Ltd, where a confluence of technical factors suggests a potential swing buying opportunity.

Reasons are listed below :

KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength.
Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment.
The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support.
Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment.
With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend.

Target - 861 // 928 // 1050
StopLoss - weekly close below 716

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@visionary.growth.insights

액티브 트레이드

price up by 5.5%

노트

We can expect a fast movement in KPR

노트

Bullish marubozu candle formed which engulfed the previous week's candle.

노트

Price up by 9% from our buying price

거래청산: 타겟 닿음

1ST TARGET ACHIEVED - 13.5% ++

노트

Price is consolidating near 850, wait for further targets