Cup and Handle Breakout: KNR CONSTRU LTD (KNRCON)

KNR CONSTRU LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend.


Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend.
RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback.
MACD: The MACD line is above the signal line, indicating a bullish trend.



The target 1 around ₹400, Target 2: ₹480 , and a stop-loss can be placed below the handle at around ₹300.


Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.