KAJARIACER: The Stock You Don't Want to Miss!
📊 Key Details
KAJARIACER, a ceramic industry company and part of Nifty 500 index, has been a powerhouse stock in a strong bullish trend until October 2021.
The stock's historical monthly chart reveals an astounding 14,405% return from Rs. 8 to Rs. 1365, spanning from 2007 to 2021.
After reaching its peak, the stock entered a consolidation phase that persisted from October 2021 until BEFORE yesterday.
However, yesterday marks a significant breakthrough for KAJARIACER as it breaks out of the consolidation pattern with substantial volume.
The stock opened with a gap up today, and the weekly bullish candle indicates minimal selling pressure and robust buying activity, making it an excellent candidate for a potential buy entry.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
Like, Comment & Follow
I encourage you to like this analysis if you found it helpful and invite you to share your observations in the comments below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: in.tradingview.com
🚀🔥 Trade with Confidence 🔥🚀
Remember, success in trading requires discipline and continuous learning. Always keep learning and growing in the market.
💥💰 Trade Wisely, Profit Greatly! 💰💥
Remember, always conduct thorough research and consider risk management before making any trading decisions. Happy trading! 📈🚀🌟
Kajaria
KAJARIA CERAMICS: A DOUBLE THREEFrom the highs of 1375 stock is declining making lower lows lower highs which suggests that stock is undergoing into a short term corrective downtrend. From ElliottWave perspective stock is forming a double three correction (WXY) of which wave-X is already concluded at 1093 and right now stock is unfolding its wave-Y which shall bring the prices towards 700-650 zone in the coming months.
A double inside bar near the crucial support levelGood probability of an explosive move on either side.
There has been steady but small increase in OI since 26th Apr during which price was mostly declining. Then there was 27% increase in OI on 8-May (378 new contracts), which happened to be a green day. A closer look at volume profile pattern on the futures chart suggests buying near the support (not shown here).
No directional bias considering market volatility. Will be playing by double inside bar entry exit rules for this trade.