This is a 15 month chart of Ksoils, the stock again has come near the trendline support zone 51-52 ( see 3 arrows , it has always bounced back from this trendline ).. Will it also do this time? If you see clearly in the charts after the trendline support zone there are multilple supports also in the range of 45-50, so it can be considered a good accumulation zone. Plus if you see RSI has also reached near the support zones from where the stock has bounced back in the past. Buy Ksoil in 2 parts -->> One at current levels of 51-53 and next at 45-47 levels with stoploss of 43 on closing basis and look for targets 64/70 in long term. Slow mover so only for patient investors.
Have a nice day
Regards
Ankit
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