Largo

ksb pumps looks bullish in medium term to long term

Actualizado
it was range bound and consolidating since 2015, now it has given breakout with good volume in weekly time frame, unless it is a fake breakout it has good upside potential.

with a sl of 650, 1st tgt to expect - 965
Operación activa
here we can see that in daily, recent up move has 5 fractals, now correction is going on, max retracement is .618 .

imagen
Operación activa
price at .5-.618 region, there is a high chance of reversal. imagen
Operación activa
price reversed from .5 - .618 region as expected and moving up. imagen
Nota
price is moving up as expected, closed at 759.20. imagen
Operación activa
moving up as expected, till now 806.8
Operación activa
till now 883.15, price is trading at all time high, BB is expanding in weekly, and candles are rising upper BB, imagen
Operación activa
moving up as expected , till now 905.35
Nota
price has come down to retest the channel resistance zone, which ll act as a support zone. imagen
Nota
cmp - 832.85, price bounced from the support zone, imagen
breakoutBullish PatternshighvolumeTrend Analysis

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