Today, we delve into KPR Mill Ltd, where a confluence of technical factors suggests a potential swing buying opportunity.
Reasons are listed below :
KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength.
Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment.
The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support.
Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment.
With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend.
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トレード稼働中
price up by 5.5%
ノート
We can expect a fast movement in KPR
ノート
Bullish marubozu candle formed which engulfed the previous week's candle.
ノート
Price up by 9% from our buying price
トレード終了: 利益確定目標に到達
1ST TARGET ACHIEVED - 13.5% ++
ノート
Price is consolidating near 850, wait for further targets