manavtechresearch

KAJARIA CERAMICS CHART PATTERN ANALYSIS

NSE:KAJARIACER   KAJARIA CERAMICS
Kajaria ceramics has formed two pattern which are very strong and bullish patterns in nature.
The only difference is the time-frame
It managed to form "Double Bottom" on daily chart (strong buy)
It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call)
I am happy to see that the price has broken out of both these patterns in the same week
Plus momentum indicators such as "RSI" and "MACD" have given confirmation and have gained strenth
Stock is now bouncing constantly from its moving average
We saw price break above 740 for the first time(on closing basis) since 14 month(0ct-16) on weekly chart
WHAT DOES THIS INFORMATION TELLS US?
"It tells us that the price is about to enter in a new uptrend because previously at these level "DEMAND WAS MET BY SUPPLY"(bears were in command from 744 levels)
and now "(GREATER)DEMAND>SUPPLY" so we have eventually seen the stock breakout from 740(bulls are fighting hard)
Now at this level bears will still fight and will try to set a trap but since the level is broken we will see short covering in the market which will pump up the market.
TRADE VIEW
SHORT TERM TRADERS....
BUY @750
STOP @735
TARGET @770-790(WILL TAKE TIME)

LONG-TERM TRADERS
BUY @750
STOP @700
TARGET @790-815-835(NEXT TWO TO THREE MONTHS)

!!HAPPY TRADING!!
!!PLEASE LEAVE A LIKE COMMENT BELOW!!
!!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!!
!!EVERYDAY!!
!!SOON GOING TO START 9:20 CALLS IN THE MORNING!!
!!EDUCATIONAL IDEAS ONLY ON SAT/SUN!!
FOR BUSINESS PURPOSE CONTACT
MANAV KHANDELWAL bfm, CMT             .level-2,Cfa level-1(candidate)
TECHNICAL ANALYST
FULL TIME TRADER
manavtechresereach@gmail.com
FOR PREMIUM CALLS
For tech queries please mail me and questions will be answered by weekends....
Comment: RECOMMENDATION AS ON 5TH JAN
ABB
BUY @1435
STOP @1400
TARGET @1457-1475-1490


SWING TRADE ON BHARAT FIN
BUY @1026
STOP @1000
TARGET @1045-1060
(PLEASE NOTE STOPLOSS WILL BE ADJUSTED DUE TO HIGH VOLATILITY)

(FUTURE)
BUY @1035
STOP @1010
https://in.tradingview.com/chart/BHARATFIN/rJwj1k3Y-BHARAT-FIN-SWING-TRADE/TARGET @1047-1060

BTST RISKY
BUY @ 2470
STOP @ 2440 (200-DMA)
TARGET @2500
GOOD TIME TO BUY


SWING TRADE ON HDFC
BUY @1718
STOP @1705
TARGET @1729-1735-1745


POSITIONAL WEEKLY TRADE ON HINDPETRO
BUY @410-415
STOP @405
TARGET @430


CALLS ACTIVE/TARGET REACHED(AS ON 4TH JAN)
https://in.tradingview.com/chart/KAJARIACER/mgXGp53D-KAJARIA-CERAMICS-DOUBLE-BOTTOM-BREAK-OUT/(IN PROFIT HOLD TRADE ACTIVE)
https://in.tradingview.com/chart/AMBUJACEM/ZPNvTbch-AMBUJA-CEMENTS-CONDITIONAL-BUY/(1ST TARGET HIT)
https://in.tradingview.com/chart/INDIACEM/l4EogPZO-INDIA-CEMENTS-DAY-TRADE/(1ST TARGET AND NEW 2ND TARGET HIT)
https://in.tradingview.com/chart/TATAMOTORS/upiSKxqE-TATA-MOTORS-SWING-TRADE/(TRADE ACTIVE)
https://in.tradingview.com/chart/DBL/OWdqige6-DILIP-BUILDCON-DAY-TRADE/(TRADE ACTIVE)
https://in.tradingview.com/chart/BHARATFIN/B5SKi5dj-BHARAT-FIN-DAY-TRADE/(BHARAT FIN AS ON 3RD JAN TARGET HIT)
!!HAPPY TRADING!!
!!PLEASE LEAVE A LIKE COMMENT BELOW!!
!!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!!
!!EVERYDAY!!
!!SOON GOING TO START 9:20 CALLS IN THE MORNING!!
!!EDUCATIONAL IDEAS ONLY ON SAT/SUN!!
FOR BUSINESS PURPOSE CONTACT
MANAV KHANDELWAL b.fm CMT.level-2,Cfa level-1(candidate)
TECHNICAL ANALYST
FULL TIME TRADER
manavtechresereach@gmail.com
FOR PREMIUM CALLS
For techquieries please mail me and questions will be answered by weekends....
Trade active: perfectly bounced from our support.......
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