NSE: KAJARIACER is closing with a bullish consolidation breakout 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 moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12%...
KAJARIACER looking good for 2-3 % in a week because it breakout the tradeline and resistance as well after retest . so there is a high probability to give 2-3 % in 3-4 days . will post again once it reaches to it target.
In the Weekly Chart of KAJARIACER ,
we can see that, it has given breakout.
let it retest and enter with SL and Go Long.
At least hold for 12 to 16 weeks for more % of returns.
In the Daily chart of KAJARIACER ,
we can see that, Cup & Handle has failed twice.
Also, we can see that it is creating a bullish momentum.
Enter with strict SL and book profits as per your risk ratio.
Look like an upside opportunity but wait up to profit booking and good accumulation up to 1075 and closing below may comes to channel and if opens and close above the previous candle make move to targets as mentioned
Entry in Kajaria Ceramics can be taken after closing above 1082. Targets will be 1173 and 1274. Long term target (12 to 14 months) in Kajaria Ceramics will be 1353. Stop Loss should be maintained at closing below 880. Kajaria Ceramics is a medium to long term investment idea. Negative aspect of the stock is valuation as the stock trends at a PE of 44.2. The...
NSE:KAJARIACER
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All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
kajaria made symmetrical triangle pattern on an hourly chart & broke out of it n trading above it comfortably with good volumes.
Could be bought with mentioned stoploss & targets.
NSE:KAJARIACER
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and...
