W-Pattern Breakout Alert: KRN Heat Exchanger
📊 Setup Overview:
Entry: Above ₹828.75
Stop Loss: ₹670
Target: ₹1030 (Positional)
RR: 1:1.2 (📌 Close to 20% risk, so trade light!)
📈 Technical Highlights:
Bouncing off 30DMA & 50DMA, forming a wide-range candle with strong volumes.
RSI looks bullish.
ATH Resistance: ₹833.5 🚧 — if broken with volume, add more and trail your SL!
💡 Fundamentals:
ROCE: 42.1% | ROE: 41.9% ✅
Market Cap: ₹5153 Cr
PE: 129 😬 vs Sector PE ~32. (Expensive, but growth potential seems priced in.)
Trend: Trading against the trend, so position sizing and risk management are key! 🚨
🛑 Disclaimer:
This is not investment advice. Risk management is crucial, especially when trading counter-trend setups. 🚩
💡 Quick Take:
With a W-pattern breakout, bullish RSI, and strong volume, this setup has potential. But the high PE ratio makes it an expensive bet. Sector comparison suggests caution, so treat this as a high-risk, high-reward trade! 🚀
Entry: Above ₹828.75
Stop Loss: ₹670
Target: ₹1030 (Positional)
RR: 1:1.2 (📌 Close to 20% risk, so trade light!)
📈 Technical Highlights:
Bouncing off 30DMA & 50DMA, forming a wide-range candle with strong volumes.
RSI looks bullish.
ATH Resistance: ₹833.5 🚧 — if broken with volume, add more and trail your SL!
💡 Fundamentals:
ROCE: 42.1% | ROE: 41.9% ✅
Market Cap: ₹5153 Cr
PE: 129 😬 vs Sector PE ~32. (Expensive, but growth potential seems priced in.)
Trend: Trading against the trend, so position sizing and risk management are key! 🚨
🛑 Disclaimer:
This is not investment advice. Risk management is crucial, especially when trading counter-trend setups. 🚩
💡 Quick Take:
With a W-pattern breakout, bullish RSI, and strong volume, this setup has potential. But the high PE ratio makes it an expensive bet. Sector comparison suggests caution, so treat this as a high-risk, high-reward trade! 🚀
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Disclaimer
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