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KESHORAM INDUSTRIES – STOCK IS ON SUPPORT – WILL MOVE EXPECTED ?????

KESHORAM

If we look at the chart of keshoram, we can see that stock was in up move, forming the diffrent wave’s.

and recently able to take the support at trendline.

where rsi is showing a sing of “POSITIVE DIVERGENCE” as rsi kept the same low, but price still keeping its low higher with the previous low.

with the candle stick patterns we can even see “MORNING STAR”  pattern development at support level.

so as per the basic study we can say that if price able to move above 73.50 level then one can take a buy position in this stock with the sl at rs. 69 on closing basis for the target of rs. 78-82-88  level.

 

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