Wednesday, January 23, 2019
KAPI - What is going on?
Chart below shows how the price action is taking place in KAPI. Traders need to be aware of the Risk/Reward based on the period they are willing to hold. If someone wants the target to hit within a few days then waiting for a breakout of 17/20 with volumes will be sensible, with a stop loss at 14/70 (present swing low). For all bold traders who are willing to stop loss and are patient to wait for the Target of 19/=, can go ahead now itself. Target of 19/= will only be hit if the Volume based momentum is strong above 17/20.
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