KEC has finished a sharp five-wave fall and is now sitting in the 712 – 700 zone, which is normally where declines slow down. The stock is stabilizing but there’s still no solid sign of a reversal as it’s just moving sideways after the drop. A break above 720 is the first real proof that buyers are taking control again. If that doesn’t happen, the price can still slip once more toward 660 – 665.
After the breakout of corrective channel, traders can long for the following targets: 791 – 873 – 930+.
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