SWING IDEA - KNR CONSTRUCTIONS

31 พ.ค.

KNR Constructions, a leading infrastructure development company, is showing technical signals that suggest a potential swing trading opportunity.

Reasons are listed below :

• 325 Zone Tested Multiple Times: The 325 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
  
• Bullish Marubozu Candle on Weekly Timeframe: The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
  
• 50 EMA Support on Weekly Timeframe: The stock is finding support at the 50-week exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level.
  
• Breaking Out of a 3-Year Consolidation Zone: KNR Constructions is breaking out of a long consolidation phase that lasted for 3 years, signaling a potential new bullish trend.
  
• Sudden Surge in Volumes: A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
  
• Trading at All-Time High: The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. However, traders should watch for potential overbought conditions or profit-taking at these levels.
  

Target - 400 // 450
Stoploss - weekly close below 265

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@visionary.growth.insights

8 มิ.ย.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

1st target achieved : 27%++

3 ก.ค.

บันทึก

Retraced back to support level of 340 and is now bouncing back, we can add more quantity here

31 ก.ค.

บันทึก

new high today, hold!

13 พ.ย.

บันทึก

price bounced back from support zone and is likely to continue