nalinakshi

kaveri dual look

NSE:KSCL   KAVERI SEED COMPAN
74 9 5
on daily chart it looks as if it is going to correct , but on weekly chart it is showing bottoming out, may see some pull back downwards and expect the stock to take off .
Good Point
Cheers
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KSCL is at a very important level . A break below 530 might take it to 515 levels
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nalinakshi stocksinboxx
@stocksinboxx, yes, I also noticed but didnot mention, then it has to take support. If you see the jweekly chart you can see the stock is getting bottomed out.
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stocksinboxx nalinakshi
@nalinakshi, i don't know whether it will hold that level or not . but if it breaks that level ....much lower levels are possible. if you see the monthly chart , it has completed the fibbonacci sequence hence a retracement is expected & also the monthly cloud is acting as resistance
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stocksinboxx nalinakshi
@nalinakshi, This is the new fibonacci sequence .see if this helps
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nalinakshi stocksinboxx
@stocksinboxx, I very much thank you for elaborate analysis
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stocksinboxx nalinakshi
@nalinakshi, you are welcome !!!
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rupambose32 stocksinboxx
@stocksinboxx, i think right
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