CERA Sanitaryware Ltd. The main product lines of this company are Sanitaryware, Faucets ware and Bath ware. They are Presently, engaged in the business of manufacturing, selling, and trading of building products and is having non-conventional wind & solar power for captive use in the State of Gujarat. CERA Sanitaryware Ltd CMP is 8017.50.
The Negative aspects of...
#CERA weekly candle closed bullish imo.
Falling wedge right at support. I think if this support holds, there is a chance of another 20-30% move to the upside..
Looking very good on a longer time frame. Recently broke out of it's short term downward corrective trend too. Can go long with a Stop Loss of 3850, for targets of previous highs and even higher .
An excellent proxy play for the Real estate story playing out this decade!
If the price is making higher highs, while the RSI makes lower highs, this is a negative or bearish signal.
Technical trading will regard an overbought or oversold signal as stronger if it is accompanied by a divergence.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
NSE: CERA is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing...
