Kinetic Engineering Ltd: Trading near multiyear breakout zone

64
Kinetic Engineering Ltd is looking good on longer time frame. Today Company has announced fund raising through preferential issue. This can be a good trigger for expected company growth in future. Generally whenever a company brings preferential issue , price moves well. Recently shared company Riddhi Corporate also bring preferential issue back in Sept'22 and price move well within a period of 1-2 months. Although current scenario is different due to ASM /ESM Measures. But still we can expect good runup based on historical data.
Keep on radar for multiyear breakout.

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.