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Our Preference (Short & Mid-Term): Buy KEL above 6.30 and add averages till 5.86 with strict stop loss of 5.31 and profit target at 7.27 and 7.96
Our Preference (Long Term): Buy KEL above 6.30 and add averages till 5.86 with strict stop loss of 4.82 and profit target at 7.27 and 7.96 with extension towards 9.86
Alternate Scenario: Downward Penetration of 5.31 will call for 4.82
NOTE: KEL is going to get supports from its weekly correction along with half moon formation and its supportive trend lines so its recommended to initiate buying in KEL on given levels.
Buy above 6.30 and average it till 5.86
Weekly Chart with Supports and Resistances:
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