EKC is looking good for Swing Trading Opportunity.
CNG prices are looking steady on back of range bounc Crude prices. Management has guided for 10% growth over H1 FY24. Following year FY25 15 to 20% growth expected.
Daily chart is looking good and trading above long term moving averages. The stock did retest of breakout around 121 zones.
Reversal is expected next week and will head towards channel resistance at 167 168 and gap area will also get filled in coming weeks.
STOPLOSS: 113
Current Price: 127
Target 1: 150
Target 2: 167
CNG prices are looking steady on back of range bounc Crude prices. Management has guided for 10% growth over H1 FY24. Following year FY25 15 to 20% growth expected.
Daily chart is looking good and trading above long term moving averages. The stock did retest of breakout around 121 zones.
Reversal is expected next week and will head towards channel resistance at 167 168 and gap area will also get filled in coming weeks.
STOPLOSS: 113
Current Price: 127
Target 1: 150
Target 2: 167
Nota
140 did from 127 zonesNota
144 from 127 Booked 20% profit todayNota
Target 1 done today 154 from 127 booked 30% more. Holding 50% for second target.Nota
Target 2 done and exited all the positions around 170 zones
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.