Kaveri seeds seem to be turning around as indicated by daily indicators giving a prospective targets of 480. One might take a leap right now with a SL below 365 and targets of 448/467 in the short term. Avoid taking heavy trades. Nibble!
Price formation qualifies of a short as per Victor Sperandeo 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. We can short the stock with stop loss of just today's high. Risking the small amount gives an opportunity for a decent Risk to Reward ratio.
Showing good momentum since last few trading sessions.
Round bottom formation is in progress on weekly charts.
stock is currently trading at 50% Fib Level, If it sustain above that, One may go long in stock at CMP 695 with a SL below recent swing low 640
Final target is 1080 with intermediate targets of 776 and 907