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BullsVsBears_NSE

KIRLOSBROS - Bullish Pennant Formation

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KIRLOSKAR BROTHERS (NSE:KIRLOSBROS)  
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NSE:KIRLOSBROS   KIRLOSKAR BROTHERS
Trend Analysis Chart Patterns kirloskar KIRLOSBROS Bullish Pennant breakoutstocks swingtrading
3
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trendanalysis chartpattern kirloskar kirlosbros bullishpennant breakoutstocks swingtrading
Good bullish Pennant formation. Pull back from all time high and consolidated in a falling wedge pattern, giving a breakout.

Risk reward ratio is very much favorable at 1:4 with the SL-closing below 345 and 1:2 with SL below the support trendline, targeting back to the All time high range of 500 LTP 372.

Please see weekly and monthly time frame view in the links below

DISCLAIMER - Please do make your own analysis before investing.


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