KECL Bang On- 2 Best Indicators You Cannot Miss!

Sometimes simple price pattern along with price indictors creates wonder if one combines it together! See yourself how we identified such a massive move in KECL. Check out how we selected this momentum stock named as KECL which has rallied more than 11%.

We published about KECL in "The Financial Waves Short Term Update" on 10^th May 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.

KECL Daily chart anticipated as on 10^th May 2024

KECL Hourly chart anticipated as on 10^th May 2024Wave Analysis As on 10^th May 2024

KECL has been moving higher recently and intact in a strong uptrend. In the previous session, it closed with a massive gain of 6.10%.

On the daily chart, in the previous session prices formed a bullish candle. Recently prices have retested breakout of the rounding bottom pattern.  We have shown ADX indicator which gives an indication if the stock is trending or in a trading range. The low readings of ADX indicates that the stock is in a range. The Adx of this stock is 31.26 giving an indication of a trending market. A reading above 25 means strong directional strength.

As shown on the hourly chart, the price is trading above the Ichimoku cloud which indicate that the short-term bias is bullish. The closest support is placed at 160.

In short, trend for this stock is positive. Use dips towards 165-168 as a buying opportunity for a move towards 188-190 levels as long as 160 holds on the downside.

KECL Daily chart happened as on 14^th May 2024
Happened: The stock moved as we anticipated. After a dip, prices showed a sharp rise and achieved our target 1 and made a high of 189 on 13^th May 2024 which is almost near our target 2 which is more than 11% from the dips in just 2 trading sessions.  

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