padiyara

Kajaria Ceramic nearing to complete a flat correction

Long
NSE:KAJARIACER   KAJARIA CERAMICS
with the indicators showing a positive divergence,
it is assumed that kajaria is completed an abc flat
correction around 501, if true it will show a breakout
through price 593 and then 602 soon ,with out breaking
new low.
This will confirm if it cross strongly above 602
ie: 38% in confluence with grey trend line ..
see the green arrow marked on chart.
(on the other hand it can make other patterns like a triangle or the one shows in red)
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