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%...
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...
Kajaria is trending downwards with dark cloud forming on Friday (10/12) if continues it will go to the each support mentioned, if it breaks it will go to the strong support for consolidation and sustain well from there.
recently head and shoulder was formed in the same hence trend of downwards may continue.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
