KESC Analysis 30 April 2013
KESC Rebound Insight
Our Pivot: 5.30
Our Preference: Buy KESC above 5.30 with strict stop loss and profit target at 5.81 and 6.50 with extention towards 8.13
Alternative Scenario: Downward penetration 5.30 will call for 4.45 and 4.13
NOTE: KESC have fullfilled its 61% correction of its price cycle between 4.64 to 6.58. Now its getting support from a rising trend line at 5.30 and is capped by a resistant trend line at 5.81, breakage of either side of these trend line will call for a new long run in KESC, because it have created a triangle and on short term basis its bullish so upside penetration of 5.81 will call for 8.13 on mid term basis.
Recommendations:
For New Entries ( buy above 5.30 )
Existing buyers (hold till 8.13 .)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Melissa Doe
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