KTML Kohinoor Textile Mills Limited Analysis 04 May 2016

Rebound Insight

Our Pivot: 63.15

Our Preference: Buy above 71.80 and average it out till 67.95 with strict stop loss of 63.15 and profit target at 77.22 and 80.37.

Alternate Scenario: Downward penetration of 63.15 will call for 58.42.

NOTE: KTML is moving in an upward price channel and right now its getting support from a rising trend line along horizontal supportive regions.

Recommendations:

Buy above 71.80 and average it out till 67.95 with target at 77.22 and 8037

Weekly Chart with Supports and Resistances: