KALYANKJIL today gave a Breakout of Falling Trendline and Closed above its Swing Highs With Good Volumes after Making a Base Just Around The Same Levels Previously in One Sided Fall From Top. Today closed above 50 DEMA with RSI trending upwards.About:
KALYANKJIL designs, manufactures, and sells a range of gold-studded and other jewellery products at various prices. It is one of the largest jewellery retailers in India.F&O Activity:
Significant Long Buildup With 460 PE OI Increasing Significantly.
Trade Setup:
Can Swing Back to 200 DSMA as it failed last time? Visible on Charts, it may create the same swing, and if sustained, it can further give good swing results. The season is on.
Target (Take Profit):
Around 200 DSMA, i.e 600 Levels as of Now
Stop Loss:
Swing Low Base as Shown.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Note
Made a Inside BarTrade active
Holding Firm in this Weak MarketNote
Broke Trendline but didn't close below the trendline now, above Short and Mid Term EMAs.Results are near, which is factoring in the Wedding Season Last Quarter.
Just take it as a Pullback as Big Resistance is Still There above.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.