Multibagger Stock In making From indian Stock Market - Everest kanto Cylinder : Learn How To Trade With channel And Trend Line

Everest Kanto Cylinder Ltd
Share Price - Rs. 32.85
Listed On - NSE and BSE (532684)
Sector - packaging

Technical Chart Study:

I am trying to post here my technical chart study. I prefer this stock and ready chart for share only spreading knowledge. Here I am going to express my technical view only. As per technical chart, Everest Kanto Cylinder has already given wonderful breakout at the Rs.24 level and after that, it has been giving strong upside movement. If you notice daily and weekly chart you can observe clearly that, EKC has been moving through a channel from last two years. Now it is trading at lower channel support line or you can call it lower trend line also. It just touched the lower channel support line in this week and how it will bounce back to upside very soon. I am expecting a strong move from Everest Kanto now. Please follow the chart carefully, you can learn from this chart How to draw trend line? How to draw channel? How to trade with the channel? these are technical chart pattern and basic of technical chart analysis. Here the chart for your study. Not a perfect channel but you can get the idea of channel and trend line from this chart.

Everest Kanto Cylinder

 I will update time to time and will post the chart if needed for study purpose. Enjoy learning.

• Tweet
• Share
• Share
• Share
• Share

About Technical Learner

This blog, it's owner/creator is not a research analyst or he/she doesn't have any SEBI registration. He/She expressing opinion in this blog only as an individual investor in Indian stock market. This blog only for learning and Educational purpose not for any trade and investment. All posts in this blog only for study. Owner of this blog will not be responsible for any loss arising out of any information, posts or opinion appearing in this blog. Investors, traders, learners are advised to consult financial consultant before acting on any such information or post. He/She is take no responsibility/liability for any decision taken by the viewers solely based on information provided here. All posts on stocks and stock market are only to create an awareness and Educational purpose. Please do your own study and research before take any decision.

Related Post