Midcap Medallion Buy KNR Constructions Ltd For Target Rs.320 - Religare Broking Ltd
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KNR Constructions Ltd. (KNRCON)
* KNR Constructions has been a steady performer within the infra space, maintaining long term uptrend since 2014.
* After the last up move to its record high, it spent nearly two years in a consolidation phase, which finally ended in August 2023. It inched marginally higher post that breakout and formed a higher pivot now.
* The chart pattern combined with the recent surge in volumes indicates the resumption of the up move. We thus recommend creating long positions in the mentioned zone
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