We're looking at BL Kashyap (BLKASHYAP) on a daily chart. The stock is showing signs of being undervalued and is currently at a significant support level.
Entry: ₹81.09, near the support trendline and moving averages.
Take Profit: ₹139.41, where the next resistance level lies.
Stop Loss: ₹66.77, below the support to manage risk.
Risk-Reward Ratio: 1:4, making this trade potentially lucrative with a good reward compared to the risk.
Technical indicators support this trade idea:
The price is currently on the support level.
The overall trend indicates a bullish potential.
Moving averages provide dynamic support.
This setup offers a favorable risk-reward ratio and aligns with our technical analysis, suggesting this as a good entry point for a long position.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
Entry: ₹81.09, near the support trendline and moving averages.
Take Profit: ₹139.41, where the next resistance level lies.
Stop Loss: ₹66.77, below the support to manage risk.
Risk-Reward Ratio: 1:4, making this trade potentially lucrative with a good reward compared to the risk.
Technical indicators support this trade idea:
The price is currently on the support level.
The overall trend indicates a bullish potential.
Moving averages provide dynamic support.
This setup offers a favorable risk-reward ratio and aligns with our technical analysis, suggesting this as a good entry point for a long position.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.