Introduction
First of all lets know about this stock and what this stock is doing. KPR Mill is one of the largest vertically integrated apparel manufacturing companies in India. The company produces yarn, knitted fabric, clothing and wind power. The company has 15 manufacturing sites in Tamil Nadu, Karnataka and Ethiopia. These are some short ideas about this stock. Its important to know what a company is doing, before investing money on that particular stock.
Don't miss Our previous post on "4 Intraday stocks near Breakout to your watchlist (06-06-2023)"
KPRMILL Latest Chart Analysis
Now lets move to the chart analysis of KPR mill in weekly chart. Current price of the stock is at 624.60 and it moved more than 3% today. As shown in the chart below, the resistance range for KPR Mill is from 630 to 642. Only above this level if the price move only then we can consider it as breakout.
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So, please mark this levels in Your chart and wait for the levels to activate. Also I have noticed from some of our members in Telegram channel that some are buying stocks before levels active. Please don't do this, because these breakout levels will act as resistance levels and possible rejection. So please consider this as my advise.
KPRMILL Latest Targets
Now we should discuss about the targets of KPR Mills, Targets will be different for different traders. For intraday levels or less than one week can look for Profit booking like 1%, 3%,5% etc. If you are planning to hold this for higher the you can consider the risky targets of 660,680,700 levels. So, please decide as per your risk and capital. Also don't forget to add Stop loss for this stock. without stop loss no trades.
Conclusion
So, in this post we have seen the detailed chart analysis of KPR Mills, its Intraday targets, Short term Targets, stoploss etc. Please Know the risk behind Trading and enter in to any stocks. Also all the chart levels and studies mentioned here are your knowledge. The Chart analysis is done in weekly chart and please mark the levels in that time frame.
Also Please Read our previous post on "Breakout Soon : Top Intraday Stocks Picks For The Day(08-06-2023)"
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