KEL K-Electric Limited Analysis 09 May 2016

Rebound Insight

Our Pivot: 6.55

Our Preference: Buy above 7.05 and avergae it out till 6.83 with strict stop loss of 6.55 and target at 7.78 with extension towards 8.25.

Alternate Scenario: Downward penetration of 6.55 will call for 6.30.

NOTE: KEL is supported by a rising trend line along with a horizontal supportive region.

Recommendations:

Buy above 7.05 and average it out till 6.83 with target at 7.78.

Chart with Supports and Resistances: