KPR MILL LTD.
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SWING IDEA - KPR MILL LTD

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Today, we delve into KPR Mill Ltd, where a confluence of technical factors suggests a potential swing buying opportunity.

Reasons are listed below :
  • KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength.
  • Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment.
  • The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support.
  • Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment.
  • With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend.


Target - 861 // 928 // 1050
StopLoss - weekly close below 716

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@visionary.growth.insights
Trade ativo
price up by 5.5%
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We can expect a fast movement in KPR
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Bullish marubozu candle formed which engulfed the previous week's candle.
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Price up by 9% from our buying price
Trade fechado: objetivo atingido
1ST TARGET ACHIEVED - 13.5% ++
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Price is consolidating near 850, wait for further targets
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retested crucial levels nd is now bouncing back
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HOLD!
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made new swing high!
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moving closer to our 2nd target
Trade fechado: objetivo atingido
2nd target achieved : 21%++
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Made a high of 31%+
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hold!
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all time high weekly close
Trade fechado: objetivo atingido
3rd target achieved : 37%++
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all time weekly close
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made a new high
Achieved 46%++
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Achieved 55%++
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