KTML Kohinoor Textile Mills Limited Analysis 29 Feb. 2016

Upside Prevails

Our Pivot: 58.42

Our Preference: Buy above 63.58 and average it out till 61.02 with strict stop loss of 58.42 and profit target at 70.56 with extension towards 75.

Alternate Scenario: Downward penetration of 58.42 will call for 53.09.

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 63.58 and average it out till 61.02 with target at 70.56

Weekly Chart with Supports and Resistances: