Buy KAJARIA CERAMICS in 400-420 Range Long

KAJARIA CERAMICSNSE

Description

⋅ Aug 23, 2018 12:50 AM

Analysis -

Wave count shows possible complete retracement of wave 3. The ideal retracement for a 3 is between 38.2% to 50%. 50 fib is at 400 Rs.
Long term past support in play. Note that this is a 2 weeks chart.
Past record of algo play; suggests buy at 50 fib (400) and sell at -23.6% and -61.8% algo targets.

Ideal buy range Between 400-420Rs.

Long term targets-Expecting new ATHs in coming years. Will update in comments soon.

Comment

⋅ Aug 23, 2018 12:55 AM

Bullish divergence before the huge daily candle

Comment

⋅ Aug 23, 2018 12:59 AM

Weekly bullish divergence before the pump:

Comment

⋅ Aug 23, 2018 1:05 AM

Long term potential target 130%

Comment

⋅ Aug 23, 2018 1:05 AM

Comments

Sneha1605

⋅ Aug 24, 2018 10:31 AM

pls provide the next trade day movement for kajaria as i have bought 520CE option & just wanna know how much can it go in next 2 days
or else it will fall more.
pls help

marzil

⋅ Aug 25, 2018 9:54 AM

@Sneha1605, Analysis is long term.
I usually take week long swing positions in the least in equities, if not positional.
So don't take really take my word for it on shorter terms, but I figure a long squeeze is in play, so we could go to about 446-459 range before finding support.