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