Knr Construction Good For Long as per FibonacciKnr Construction Good For Long as per Fibonacci Now 342 Invalid 288 Possible target 374-416-456++
KNRCON trade ideas
KNRCON BUY NOW KNRCONSTRUCTION - BUY ACTIVATE
Trade Reason:
1)Monthly - Uptrend (HH)
2)Take Monthly Support
3)Day - Trendline Breakout .
Entry - Aggressive entry - Current Price
Conservative Entry - 300 Rs
Target - 405 Rs
Stoploss - 272 Rs
Happy Trading ...
Review and plan for 28th November 2024 Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
KNR CONSTRUCTION LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Shift in trend : KNR Construction 📍#BreakoutStock - KNR Construction
- Bounce from Demand Zone
- Trend shift, price not able to create new low
Entry above 358.10, Potential upside #stock ♥️ &🔁
Update - KNR ConstructionsStock has come down from previous post with market volatility. But again bouncing back from support level. Fundamentally good stock and undervalued as compared to its peers.
Consolidation is always good after multi year breakout. Once the stock crosses this consolidation area this may give one sided rally towards target of 500.
Keeping in radar.
Good RR
Keep SL below current weekly candle and initiate trade.
Personally i have averaged it out at 340.
Please do your analysis before taking any trade.
SWING IDEA - KNR CONSTRUCTIONSKNR Constructions , a leading infrastructure development company, is showing technical signals that suggest a potential swing trading opportunity.
Reasons are listed below :
325 Zone Tested Multiple Times : The 325 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level.
Breaking Out of a 3-Year Consolidation Zone : KNR Constructions is breaking out of a long consolidation phase that lasted for 3 years, signaling a potential new bullish trend.
Sudden Surge in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. However, traders should watch for potential overbought conditions or profit-taking at these levels.
Target - 400 // 450
Stoploss - weekly close below 265
DISCLAIMER -
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@visionary.growth.insights
KNR CONSTRUCTION - Moving to next orbit ?The stock, after a long consolidation of more than 2 years, made an impressive up move in late May, early June period. Then it met with supply around 344-410 levels. Then again it consolidated for almost 2 months taking support in the previous Major PRZ. Now it is trying to move out of this supply zone. All the other parameters like relative strength, money flow, buying pressure, the volumes, all look positive and likely to aid further up move. So, looks like the stock is going to go into the next higher orbit.
KNRCON Have Broken All Time High Giving Target of Around 25%NSE:KNRCON
BUSSINESS OVERVIEW
One of the leading companies providing Engineering, Procurement and
Construction (EPC) services.
Major Projects in Roads & Highways – one of the fast-growing sectors
Established presence in Irrigation and Urban Water Infrastructure Management
25+ years of experience of project execution
Successfully executed more than ~8,700 lane km Road Projects
Projects executed across 12 states in India
Portfolio of BOT/HAM Projects
668 lane Kms Projects in the state of Telangana, Karnataka & Bihar
2 Annuity based Projects, 1 Toll based project and 8 HAM based projects
8 HAM based projects with total Bid Project cost of Rs. 96,188 million
Strong EPC Order Book
Total Orderbook as on 31st March 2024 53,048 cr.
₹ 31,980 Mn
Roads Sector
₹ 21,068 Mn
Irrigation and Pipeline Sector
Recently Won Projects
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 on Hybrid Annuity Mode
under NH(O) in the State of Karnataka (Package IV) worth of 5750 CR.
Construction of Access Controlled four laning with paved shoulder from
Mysore to Kushalnagara Section of NH-275 under NH(O) in the State of
Karnataka (Package V) worth of 6250 CR.
1. Project Execution Capabilities
19
SIGNIFICANT EXPERIENCE AND STRONG TRACK RECORD IN TIMELY EXECUTION OF PROJECTS
Top management’s active involvement at all stages of Project execution
Selection of Major Raw Material
Selection of construction Camp location
Faster Decision making to ensure project completion on schedule
Received Bonus for completion of construction ahead of schedule
KNRCONKNRCONS as explained and discussed in published video.
Gave an breakout of 311 rs on June first week. after that consolidation and bounce back from 9 day ema.
Hope it would test 400 soon,
Good valuations and fundamentals.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
KNR CONSTRUCTION Looks Good on Monthly& weekly Time frame
Positional trade,
Target & SL are on charts.
* For education & backtesting Purpose only.
How to trade KNRCONS for 1 year timeKNR Constructions, now at 364.5 on June-20-2024 ::
Per Elliott wave, this is in Wave5,
Uptrend of wave5 confirmed at 344
There wil be 20% swing in this but ultimately will move higher
Targetsprices are --1. 404.65, 442.25, 472.65, 503
So, expected gains of 40% from present price.
Support now is till 344
KNRCONNSE:KNRCON
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
KNRCONNSE:KNRCON
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Accumulate and buy on correctionKNRCONS gave trendline breakout on weekly and monthly charts today. Expecting 30-40% upside.
Keep strict stop loss of 280 for short-term, and long-term stop loss is set to 215.
Sharing because found interesting and with educational view.
Bullish Wedge Breakout KNRCONSTRUCTION gives a Bullish Wedge breakout last week on weekly chart. One can invest 50% in the range of 305-315 and other 50% above 320 on weekly basis closing for a target of 350,380,400 keep SL of 290 on daily closing
KNR contraction Trg :- 440
Sl :- 270
Buy at :- 300
Note :-
monthly time frame pe ek aacha volume dekhne Mila hai
bhaot lambe time ke bad breakout diya hai monthly time frame pe
I think buyer's ko trap karega , agar stock down aake phir se apne all time high ko brack karta hai to ek acchi buying opportunity mill sakti hai
KNR CONSTRUCTION - A watch list StockThe stock after facing rejection at 317 levels was pushed down below the 200 DMA level. From the bottom in June 22, the stock has been moving almost sideways for almost two years now. Finally, the stock seems to be making an attempt to move up. It is about to take out the minor price rejection zone. You can see an increased volume and also you can see that the money flow has been increasing. Now the relative strength is also turning positive. So once now the stock is likely to test the major rejection zone at 317 to 343 levels. Once that is taken out, that is if we have a bullish candle above the 343 levels, we can expect this stock to go into the next phase of uptrend. A stock to watch.
KNRCON bullish; above 283.5 ? - Wednesday 29-May.The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
