KCP Ltd was started in the year 1941 by Velagapudi Ramakrishna. A
In this blog post we are going to discuss about KCP ltd share price and my prediction [ forecast ].
We are not going into fundamental analysis of KCP Ltd. We predict the price moment completely looking into the Technical Analysis and Chart Patterns.
In case if you want to know about KCP ltd’s company profile and financial details, you can visit the official website http://kcp.co.in/
So without wasting time, lets see KCP ltd chart pattern and what is the price trying to say us?
KCP Share Price : Breakout January 2024 Target [ Prediction ]
Its better to look into larger time frames like Day, Week and Month. In larger time frames probability of Winning is high as the noise in the small time frames is not seen here. So we can take decisions without any confusion.
Note : We are not recommending anyone to buy this stock. Don’t buy a stock based on others analysis. Do your own analysis [ may be fundamental or technical] or if you don’t have knowledge in analyzing a stock then its better to approach a advisor.
Lets start.
We are using “Weekly” Time Frame to Analyze KCP Ltd.
![kcp cement](https://knowaboutmarket.com/wp-content/uploads/2024/01/kcp-cement-1024x625.png)
In the Month of January 2018, KCP ltd made its all time high i.e. Around Rs 171.20
After this price, the stock keeps falling. If you look into the chart it forms lower Lows on Weekly Chart. Another reason for the drastic downfall of KCP stock “Corona”.
In 2020 KCP Ltd took support at Rs 35 to 40 Range and from there stock price increased exponentially.
In the Month of August 2021, Stock came near to All Time High Price [ Rs 171.20 ] but could not break it. KCP Stock registered a price of Rs 169 and from there stock has seen another correction.
Now After 2.5 years KCP stock has broke the All time High Price on “Weekly Time Frame”. In the month of January 2024 KCP Stock price is Rs 188″.
After 6 Years of Fighting, Stock could finally break its Previous All time High price, that too in the second attempt.
Buying Stock after breaking All time high price as both pros and cons. If your analysis goes wrong and stock moves in opposite direction, then you should be ready to exit the stock. You should prepare your mind to take small loss. Or else you will pay huge penalty, who know’s stock may touch its all time low price.
And on the positive side, Price will see a momentum after breaking “All Time High”. This is one way to pick momentum stocks.
In technical terms you can call this pattern as “Cup and Handle”.
“Cup and Handle” pattern formed on Weekly frame has good winning rate. But don’t forget that stock market is a probability game.
![KCP Cement Cup and Handle Pattern](https://knowaboutmarket.com/wp-content/uploads/2024/01/kcp-cement-cup-and-handle-pattern-1024x626.png)
According to chart pattern, Entry Point Would be around 188 i.e. High of Weekly Candle. Once the Price Crosses the High of break out Candle, it is best time to enter to the stock.
![KCP Cement Entry Point](https://knowaboutmarket.com/wp-content/uploads/2024/01/KCP-Cement-entry-Point-1024x635.png)
KCP Share Price Prediction [ Forecast ] 2024, 2025
![KCP share prediction](https://knowaboutmarket.com/wp-content/uploads/2024/01/kcp-cement-price-prediction-1-1024x660.png)
Look the image above for better understanding of KCP share price target based on all time high breakout strategy.
Price Falls from Previous All Time high Price of ₹ 171 to 35 ₹ .
As per the rule, the difference between the High and Low price Plus Entry point would be our Target.
Expected Target Price : [Previous All Time High – Low]+ Entry point
: ₹ 171 -₹ 35 + ₹ 188 = ₹ 320
Note : Once again we are reminding you, stock market is a probability game. Don’t take any thing for granted.]
So our target would be Rs 188 + 133= Rs 320 [ Approximately ]
Price may take few days or weeks or months to reach that point. On the downside , you may have book to small loss and exit the trade.
Exit Price : Unfortunately if the stock starts moving against you after your entry, then its better to exit the stock.
As per the strategy , exit the stock once the stock price crosses the low price of Entry Candle.
Updated on February 18 2024 :
![KCP Share price February 2024 update](https://knowaboutmarket.com/wp-content/uploads/2024/02/KCP-Share-price-febraury-2024-update-1024x509.png)
After our entry, KCP Share price has seen 27% increase in its price. [ above image ]
KCP Share Price has seen All time High of Rs 234 in the third week of Febraury.
With in 6 Weeks [ 1.5 months ] , KCP Share price has given a return of 25%. [ Good returns ].
But as per rule, it may take few weeks to reach our target. So it is recommended to hold the Stock.
Note : Always Cut Losing trades with small loss and Book huge profits in Winning Trades.
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