Sunday, 14 May 2017

Kirloskar Electric Company

After the 75% fall to previous upmove KECL consolidated in a sideways range for 4 months and formed a triangle pattern.  On 12th May, stock made a bullish breakout with good volume.  Stock can be initiated for long around 45 rupees with the stoploss of 41.  Now RSI showing overbought and if price comedown to 45 level, it can be initiated long.


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Indiamart Weekly Bullish Breakout

After 3 months of correction stock is made good set up to buy on monthly and weekly chart. Breakout with volume.