Tuesday, September 19, 2017

KAPI - need to break out of 32.50

KAPI - Trend is fragile due to the dismal performance in the June quarter. As such the market will watch their profits. The present spike in trading should take it up above 32.50 and form a very strong support within 30-32.50 channel. else it could find support at the Mar 2016 low of 28.00.

Let's watch how strong the support is gonna be. Short term trade is evident between a buy at 31 to 31.50 for a sell above 33.00. A stop should be maintained at 30.00.


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