KAJARIACER - Bullish Consolidation Breakout Long

KAJARIA CERAMICSNSE

Description

⋅ Jul 12, 2023 9:07 AM

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% gain on deployed capital in this swing trade.

The view is to be discarded in the event of the stock breaking previous swing low.

#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade

Comments

PAREAL

⋅ Jul 12, 2023 9:10 AM

It would have been great IF the chart was posted when the price was on the trand line around 1250

BrahmaBull31

⋅ Jul 12, 2023 9:12 AM

@ParraylThomas, appreciate the input !

However, along with trendline support, horizontal supports/resistances are also being taken into consideration before entering this trade. We are now looking at entry after a clear breakout from the consolidation range.

PAREAL

⋅ Jul 12, 2023 9:13 AM

@BrahmaBull31, Thanks appreciated your response.