Rebound Insight
Our Pivot: 35.00
Our Preference: Start buying KAPCO from current price and average it out till 37.00 with strict stop loss of 35.00 and profit target at 41.80 with extension towards 43.40.
Alternate Scenario: Downward penetration of 35.00 will call for 31.90.
NOTE: KAPCO is taking correction of its last bullish rally and its trying to retest resistant trend line of its previous triangle on daily chart. Meanwhile its being supported by an ascending trend line on weekly chart.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.