Analysis and Rationale Kabra Extrusiontechnik has formed a classic flag breakout pattern on the daily chart, signifying a strong continuation of the ongoing uptrend.
Entry Level: ₹513 aligns with the breakout confirmation. Stop-Loss: ₹485 protects against invalidation of the setup. Targets: Derived based on measured moves and prior resistance levels.
Key Observations Trend Continuation: The flag breakout indicates bullish momentum. Risk Management: Attractive risk-to-reward ratio of 1:3 enhances trade viability. Scaling Out: Partial profit-booking at intermediate targets is advised.
Disclaimer This analysis is for educational purposes only. Trading involves risk; consult a financial advisor before making investment decisions. Always trade within your risk tolerance.