KayCee Industries - See the "C"s (Cups)
Kaycee Industries - on Weekly has Interestingly repeating pattern. Something very similar to TRIL I noticed last year. After 4 repeated Cups, TRIL stopped creating Cups but rather flew away. Very similar structure here
Look at 4 different colored Fib retracements
1. Green - 0.618 retracement - precisely reached 1.618 target 9578 and fell
2. Orange - 0.618 retracement - precisely reached 1.618 target 14418 and fell
3. Blue - This time 0.5 retracement - with target of 23500, but fell slightly before
4. Pink - Again 0.618 retracement - precisely reached both 1.618 and 2.618 targets (32,900 and 43,726)
By this time the Parallel Channel is decisively broken on the upside, and now retracement journey starts
Very interesting structure - if the price gets reduced due to Bonus & Stock Splits - let's wait for the price change + wait for correction to retest the BO zone of Parallel channel and review again
Love this Chart - repetitions add to the credibility of the stock and technical analysis
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Look at 4 different colored Fib retracements
1. Green - 0.618 retracement - precisely reached 1.618 target 9578 and fell
2. Orange - 0.618 retracement - precisely reached 1.618 target 14418 and fell
3. Blue - This time 0.5 retracement - with target of 23500, but fell slightly before
4. Pink - Again 0.618 retracement - precisely reached both 1.618 and 2.618 targets (32,900 and 43,726)
By this time the Parallel Channel is decisively broken on the upside, and now retracement journey starts
Very interesting structure - if the price gets reduced due to Bonus & Stock Splits - let's wait for the price change + wait for correction to retest the BO zone of Parallel channel and review again
Love this Chart - repetitions add to the credibility of the stock and technical analysis
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
