KAPCO | Bearish Pennant PatternIf the price breaks lower trend line then Bearish Pennant Pattern confirms and more down side can be seen in upcoming sessions.
KAPCO trade ideas
KAPCO is A DIAMOND FOR LONGTERM INVESTMENTSKAPCO is A DIAMOND FOR LONGTERM INVESTMENTS
KAPCO seems bullish from a long way of bearish movements since 2015 after hitting its ATH @99.
After successful recovery from 20 after hitting bottom @14.5, now it seems to rush towards its upper targets between 50-60 in midterm timeframe and around 150 in long-term targets.
This view is solemnly "OUR VIEW" and no one is advised or suggested to do trading or investments on basis of "OUR" analysis.
For any type of investments follow our rule
"NO CLAIM NO BLAME, NFA 'n' DYOR"
GUIDLINES: Red zone are our selling zones and green zones are our accumulation zones.
Good luck
Team TRADERSWORLD.
KAPCOBuy1 around 29.95 - 30.30 | Sell around 31 - 31.30 then 32.50
Buy2 around 28.10 - 28.30 | Sell around 29 - 29.50
Stoploss 26.80 (Closing basis)
KAPCO - Bearish ChannelKAPCO is currently trading within a bearish channel, however, it is anticipated that the upward trend will persist. It is anticipated that the price will test the upper channel resistance line in the near future.
KAPCO Hourly - BEARISH CHANNEL PULLBACKKAPCO has tested the bottom channel support at 23.52 and the price has closed below the lower Bollinger Band, suggesting a potential short-term pullback. It appears that KAPCO is currently experiencing a downturn in price. Traders and investors should closely monitor the price action and consider adjusting their strategies accordingly.
