📊 **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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
“I DON’T PREDICT. I PRE-READ THE CHARTS!”
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
TRUE TECHNICALS • PRICE ACTION • MARKET STRUCTURE
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。