KSB Ltd - Break out from Parrallel channel

Leading manufactures of pumps & valves in the world.More than 65 % promoter holding with zero pledge and nil debt . Delivering consistent returns from stock price and net profit over last 5 years . Now it escaped from its parallel channel band. A cup and handle formation has also seen. Expecting a 5 % movement from the current stage in short term . A move ahead fom the expected level can trigger a fresh thrust .