Kalyan Jewellers. Aiming for another up move?
#Tradeideas. #klayanjewellers.
After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it.
🟢Trdaing right at 50 DMA. Formed a bullish
Marabozu at 50 DMA.
🟢Bullish sentiments of Jewellery stocks around
marriage season.
🔴 Q2 results around the corner. If the results are not
as per the market then good chance for hitting SL.
🔴Overall bearish sentiments in the market.
Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
After a strong stage 2 uptrend, the stock is pulling back forming a Flag and pole. Trying to breakout of it.
🟢Trdaing right at 50 DMA. Formed a bullish
Marabozu at 50 DMA.
🟢Bullish sentiments of Jewellery stocks around
marriage season.
🔴 Q2 results around the corner. If the results are not
as per the market then good chance for hitting SL.
🔴Overall bearish sentiments in the market.
Watch this counter closely. Risk is in the range of 10-11%. If ATH is broken with good volume and a good candle very good chance for further upmove. Do your due diligence.
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