📊 **KEL – Key Levels & Potential Reversal Setup**
**Closing Price: Rs. 5.96 | 29 October 2026**
🔻 **Descending Triangle Target Achieved!**
KEL has successfully reached the downside target of its descending triangle pattern near **Rs. 5.30**, completing the projected move.
Now, the stock appears to be approaching a potentially important zone where a **Higher Low (HL)** could develop on the higher time frame.
🔍 **Key Levels to Watch**
🟢 **Support Zone:** Rs. 4.88 – 5.50
A sustained hold within this range could provide a base for a potential bullish reversal.
🚀 **Breakout Potential:** If KEL maintains this zone and confirms a breakout above the relevant resistance, it may open the door for further upside.
⚠️ **Critical Level:** Rs. 4.80
As long as Rs. 4.80 holds, the possibility of a meaningful upside move remains on the table. A decisive breakdown below this level would weaken the bullish scenario.
📌 **My Technical View:**
The next move will depend on how price reacts around this support zone. Rather than anticipating a reversal prematurely, watch for price action confirmation and a sustained breakout.
**Right Levels. Right Strategy. True Technicals.** 🎯
What’s your view on KEL? Will it form a Higher Low and recover from this zone, or is further downside still possible?
**Closing Price: Rs. 5.96 | 29 October 2026**
🔻 **Descending Triangle Target Achieved!**
KEL has successfully reached the downside target of its descending triangle pattern near **Rs. 5.30**, completing the projected move.
Now, the stock appears to be approaching a potentially important zone where a **Higher Low (HL)** could develop on the higher time frame.
🔍 **Key Levels to Watch**
🟢 **Support Zone:** Rs. 4.88 – 5.50
A sustained hold within this range could provide a base for a potential bullish reversal.
🚀 **Breakout Potential:** If KEL maintains this zone and confirms a breakout above the relevant resistance, it may open the door for further upside.
⚠️ **Critical Level:** Rs. 4.80
As long as Rs. 4.80 holds, the possibility of a meaningful upside move remains on the table. A decisive breakdown below this level would weaken the bullish scenario.
📌 **My Technical View:**
The next move will depend on how price reacts around this support zone. Rather than anticipating a reversal prematurely, watch for price action confirmation and a sustained breakout.
**Right Levels. Right Strategy. True Technicals.** 🎯
What’s your view on KEL? Will it form a Higher Low and recover from this zone, or is further downside still possible?
“I DON’T PREDICT. I PRE-READ THE CHARTS!”
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
“I DON’T PREDICT. I PRE-READ THE CHARTS!”
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.