KNR CONSTRUCTION | BUY or SELL ?? | TECH. ANALYSIS

20 mars 2022

Some important observations:

• On the last trading session(i.e 17th March 2022) it opened at 290.50 and experienced a heavy selling which pushed the price to 267.60, but then heavy demand pushed the price upwards(showing buyers interests) and closed at 283.20
  
• Respecting the trend line.
  
• A beautiful bullish butterfly pattern is being formed on a daily time frame.
  

Well, I'm bullish after observing the above points, but there are still two possible scenarios.

Scenario 1: Short

• If it closes below the trend line then we can see it going to 230.
  
• Target = 230
• Stoploss = High of candle.
  

Scenario 2: Long

• If it is able to sustain the lower trend line on 18th March 2022, then we can see a good upside movement.
  
• Target = 330
• Stoploss = Low of the candle
  

3 avr. 2022

Transaction en cours

3 avr. 2022

Note

It has been able to sustain the lower trend line and now moving towards the target. Safe traders keep trailing stoplosses.

30 avr. 2022

Trade fermée: ordre d’arrêt atteint