From Weak Fundamentals to Strong Patterns: A Closer Look at Burnpur Cement and Kinetic Eng

Burnpur Cement is currently showcasing a cup-with-handle pattern. Upon closer inspection, one can notice a significant accumulation of volumes near the handle, adding an intriguing dimension to the situation.

The second stock, Kinetic Eng, has been navigating a substantial trading range of 200 points since 2005. It is exhibiting signs of strength around breakout levels, marked by the formation of an ascending broadening wedge pattern.

Despite the fundamental weakness in both of these stocks, the technical patterns suggest a certain level of strength. It is advisable to approach trading cautiously, employing strict stop-loss measures and allocating only a small portion of your portfolio to these opportunities.

Leave a Reply

Your email address will not be published. Required fields are marked *