Stock: Kajaria Ceramics (NSE: KAJARIACER)
Timeframe: Weekly
Indicators: 50-Day SMA, Volume, VBB (Volume-Based Breakout Bar)
Trade Setup
Entry: On a controlled pullback to the ₹1130–1150 zone
Target: ₹1500 (previous swing high zone)
Upside: ~30%
Stop-Loss: Below ₹1040 (under 50DMA)
Risk-Reward: Roughly 1:3 if entering near ₹1150
Trade Thesis
Kajaria Ceramics has staged a strong technical comeback after a steep fall of nearly 48% over 196 days, followed by a 50% rebound from the bottom.
The stock is now showing structural bullishness, forming higher lows and recently breaking out with volume from a tight 5-week cluster.
This cluster suggests controlled selling, where buyers remain firmly in control.
The 50-day SMA is now acting as dynamic support. A closing below ₹1038 would invalidate this view.
This is a technical trade idea shared for educational purposes. Please do your own research and manage risk accordingly.
Timeframe: Weekly
Indicators: 50-Day SMA, Volume, VBB (Volume-Based Breakout Bar)
Trade Setup
Entry: On a controlled pullback to the ₹1130–1150 zone
Target: ₹1500 (previous swing high zone)
Upside: ~30%
Stop-Loss: Below ₹1040 (under 50DMA)
Risk-Reward: Roughly 1:3 if entering near ₹1150
Trade Thesis
Kajaria Ceramics has staged a strong technical comeback after a steep fall of nearly 48% over 196 days, followed by a 50% rebound from the bottom.
The stock is now showing structural bullishness, forming higher lows and recently breaking out with volume from a tight 5-week cluster.
This cluster suggests controlled selling, where buyers remain firmly in control.
The 50-day SMA is now acting as dynamic support. A closing below ₹1038 would invalidate this view.
This is a technical trade idea shared for educational purposes. Please do your own research and manage risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.