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Kirloskar Brothers Ltd or KBIL

Discussion in 'Technical Analysis' started by cbpancha, Aug 18, 2012.

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  1. cbpancha

    cbpancha New Member

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    Hi Shabbir,

    What is your view regarding KBIL.

    Currently RSI is 61.7.
    ADX is 60.4
    Macd is .827 and above signal line.

    As per my view it is in uptrend but I am not bale to judge Support and resistance from the chart.

    Please help.
     
    cbpancha, Aug 18, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    If it does not break 130, we may consider it.
     
    shabbir, Aug 19, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    According to me it is best to avoid the stock because of so many reasons :-

    1 long term down trend and last year made a symmetric triangle and break down again.
    2 from last year sep. it is in range of 110 to 150 where it touched 150 once but touched 110 thrice.
    3 There is no volume.
    4 From last one month it is in range of 130 to 155
     

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    sanjay_sansanwal, Aug 19, 2012
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  4. cbpancha

    cbpancha New Member

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    Thanks all

    I hope I will be learn lot in this forum.
     
    cbpancha, Aug 19, 2012
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