KEC International Limited
KEC International Limited appears to be a prudent long-term investment as it continues to expand and set new records.
Please take a moment to review and understand the KEC International Limited daily chart. According to the chart, KEC International Limited has shown excellent performance thus far, is a smart investment in the 950–960 zone, and has significant development potential.
Please refer to the daily chart of KEC International Limited. The stock is currently trading above horizontal resistance and gaining swiftly after breaking out of the 950–960 region. The data indicates that there is now a high demand for KEC International Limited, valued at 1000. The chart below shows the predicted upside open range, which is between 1380 and 1400.
- KEC International Limited has expanded since making a significant breakthrough in the 950–960 range, and it is now an excellent long-term investment potential.
- Because of its strategic location, KEC International Limited can expand and meet the 1380 and 1400 targets.
- Given that the risk-reward ratio is appropriate for cash transactions, the optimal price range to buy this stock at this moment is between 950 and 960.
- The chart shows that the stock has broken out of an ascending triangle pattern, with a target price between 1380 and 1400.
The daily chart for KEC International Limited is attached. On the daily chart, demand is observed in the 950–960 price range, with an upward breakthrough and horizontal resistance. The stock price is reflecting the increasing demand.
Given the stock's recent peak, this appears to be a favorable time to buy at the current price. Consequently, keep an eye out for the horizontal resistance to break. As of this writing, the stock has climbed and may reach the 1380–1400 projected levels.
KEC International Limited's most recent goals fall between 1380 and 1400. The company was established on the rising triangle. The rising triangle is a typical chart pattern used in technical analysis. Price variations at the swing high and low result in a horizontal line and a rising trend line, respectively. These two lines create a triangle.
Given the strong demand for the stock, investors might be searching the 950–960 range for long-term buying opportunities. Due to its excellent risk-reward profile, this company should see an increase in value during market downturns. Seize the opportunity to buy this stock. Invest in this business; even during recessions, it has enormous potential.
Rich investors can buy the required quantity of the stock, targeting levels between 1380 and 1400 and placing a stop loss around 840.
In the event that there is no price volatility before a notable increase, the stock or instrument may attain large volume and upside with a quick climb and target hit. Investors and traders are constantly searching for volatility contraction patterns (VCPs). For additional information on VCP patterns, visit our website or download the Fx Careers app from the Google Play Store. In addition, we present the pattern recognition accuracy.
KEC International Limited's daily chart displays both resistance and support. Every level is displayed on the spot chart.
|
KEC International Limited |
Support |
Resistance |
|
Level 1 |
950 |
1380 |
|
Level 2 |
840 |
1400 |
Company Profile: KEC International Limited, commonly known as Kamani Engineering Corporation, is a multinational corporation based in India. It is the country's second-largest producer of electric power transmission towers and ranks among the biggest EPC (engineering, procurement, and construction) companies globally. It is a member of the ₹255 billion (US$3.1 billion) RPG Group and has its headquarters in Mumbai, India. It is involved in EPC projects for Power Transmission, Distribution, Railways, Cables, Solar, Civil, and Smart Infrastructure. India, SAARC, EAP, Africa, the Middle East, and the Americas are among the regions in which it operates.
On May 7, 1945, Ramjibhai Kamani established Kamani Engineering Corporation, which is currently known as KEC International. This business was the first in Asia to transmit electricity. It worked in the fields of railroad electrification and electric power transmission. The company was tasked by the Indian government in 1950 with providing transmission towers for the Bhakra Nangal Dam project. In collaboration with R. Foures, France, a steel tower fabrication plant was created in Bombay. With the addition of a second facility in Jaipur, Rajasthan, by 1967, KEC was meeting three-fifths of India's transmission tower needs.
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