KAVERI SEED COMPANY 1000 ABOVE?+Stock is forming corrective abc pattern then it long period consolidation we can see all time high breakout in this share as per candle behaviour. I have market all wave pattern in this share you can ask me any question in comment section
First target is 957
second target is 1176
Third target is 1293
Thanks
Kaveriseedcompanyltd
KSCL for 30% (approx..) GainKaveri Seed Company Ltd is showing a trendline breakout with good volume. Fundamental is very nice. you can see this on below link. Low PE , good DII and FII holding, less public holding is also very good. Piotroski Score is 8 and Altman Z Score is 4.98 this shows the fundamental comfort for this stock. rest is in the link..
( www.screener.in )
CMP : 630
TG : 780
SL : Below 21 daily EMA or 9 weekly EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. (To view this, click sedg.in )
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. ( To view this, click sedg.in )
4: Fundamental : PE , PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : Going to Hold
KAVERI SEED COMPANY LTDThis stock is a very crucial point ie. RAS( Resistance acting as support). And in mid term it has formed a Wolfe Wave, the wave counting has been mentioned in the chart. 5th wave may get initiated soon.
The completion of 3rd wave and initiation of 4th wave has been confirmed at 1.618 Retracement level .
However the completion of 4th wave and Initiation of 5th Wave is not yet confirmed, although the stock the stock has kissed 0.786 Retracement level of 2-3rd Wave & Trendline support of 0-2-(4) & RAS of 10th JAN 2019. Most probably it should reverse from here.
Any confirmed reversal candle pattern has not been seen.
Once any BUY signal is seen , it will be updated in updated ideas section
CHART & ANALYSIS
Adarsh Dey
Kaveri Seeds- Multi-Year BO, Moving up in Channel, 32% UpsideNSE:KSCL
Kaveri Seeds had Breakout above Multi-Year Resistance - 700
Moving Up is Ascending Channel Pattern
Buy Range: CMP - 690 (on corrections)
CMP : 749
Tgt 1 : 890 (Upside 18%)
Tgt 2 : 995 (Upside 32%)
SL : 675
Golden Cross over in weekly charts signals Bullish Days Ahead
RSI in Bullish Zone