iDEA of the Month - LONG Kajaria Ceramics
Updated
Dear All,
We are Suggesting Kajaria Ceramics as a BUY & Can take entry at 540 - 544 for a long position to an initial Target of 565-570.
if it Sustain at 560-570 levels 1-2 days then it definitely move towards 585-590 levels in May'2018 Series.
Why Kajaria Cermaics .....???
Reason: if you see it's last 2-3 Month Technical Chart, you found a very Strong Support at a level of 538-545 levels, Kajaria Cermaics reaches to same level in March Starting & has pulll back to higher levels from strong support zone of 538-545 & then reaches to a level of 590 from there.
We are for sure it will not go down beyond 538-545 & has a pull back to higher levels from there, this is strong BUYING ZONE in "Kajaria Ceramics".
# We are taking a Stop Loss of 530 in Kajaria Cermaics.
We are Suggesting Kajaria Ceramics as a BUY & Can take entry at 540 - 544 for a long position to an initial Target of 565-570.
if it Sustain at 560-570 levels 1-2 days then it definitely move towards 585-590 levels in May'2018 Series.
Why Kajaria Cermaics .....???
Reason: if you see it's last 2-3 Month Technical Chart, you found a very Strong Support at a level of 538-545 levels, Kajaria Cermaics reaches to same level in March Starting & has pulll back to higher levels from strong support zone of 538-545 & then reaches to a level of 590 from there.
We are for sure it will not go down beyond 538-545 & has a pull back to higher levels from there, this is strong BUYING ZONE in "Kajaria Ceramics".
# We are taking a Stop Loss of 530 in Kajaria Cermaics.
Trade active
Kajaria Cermaics today trading around 549. Longs are created in Kajaria.
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.