drlalitkoli

Kaveri seed with classic evening star and ow waiting on support

Short
NSE:KSCL   KAVERI SEED COMPAN
Kaveri seed observed to have developed classic evening star pattern on 3rd and 4th august at resistance level of 780 followed by 3 black crow candles on 13 to 16 august showing clear signs of bearish reversal. Stock has honored the support level of 530 and may re-bounce back to its resistance level with hammer, bullish followed by inverted hammer candles. However chances of being bearish is higher.
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