A perfect visible head and shoulder on Kaveri Seeds. Both on the weekly and the Monthly suggests that the Daily cycle low may retest 480 / 450 following the decending regression trend.
However, how many a times have we witnessed a false head and shoulder formation ? With the probability of an H&S being 80%
I would be cautious If it breaks above the regression equilibrium
Hello Investors,
KSCL is making a bullish descending triangle. In a weekly time, frame, it has made a rejection candle twice. And today, it broke the descending triangle with volume.
STRICT STOP LOSS = 469
Target of 677-700 is an important level as it has not gone beyond 700 in the past three years. At 700 level we might see some profit booking or may be a...
This one is trading an under value price as compared to its intrinsic value.
For short term traders, it is good time to buy at around 375 for the first exist target of 460.
It is overall a good healthy company and after an agriculture focused budget, it has great potential to go much higher in long term.
In my opinion, it is a good and safe buy.
