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
Kaveriseeds
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 Seeds Monthly ConsolidationNSE:KSCL has given a proper consolidation on monthly chart structure. A stop loss at 620-650 on monthly levels should do well. Kaveri Seeds can be added for a longer term as the consolidation is on a very big time frame. targets normally for such charts are 5x-10x in ~5 years if breakouts can come with sustained momentum.
BEARISHNESS in KAVERI SEEDNSE:KSCL
The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months.
Disclaimer : This is my own view and analysis. This for educational purposes. This is not a recommendation, call or a tip.
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 Breakout from Multi Year ResistanceKaveri seeds has recently broken above a resistance at 690 odd which had acted as a strong resistance on a monthly closing basis in the past five years. Any attempt to close above this level was met with heavy selling. The same level has earlier acted as a support which when broken in 2015 started acting as a resistance. A classical Technical Analysis concept with respect to support and resistance. Now back to the stock, having broken and closed above the mentioned resistance, stock now seems poised to revisit its all time highs of 1075 where it should ideally find the next zone of selling. Buying is recommended with a stop loss at 675 and for the target of 1075 odd. Duration should be around 6 months.
KSCL | KAVERI SEED | Ready for UpmoveHello Traders, I am back with another Swing trade for this coming week. Smash that LiKe button NoW!
Kaveri Seed : Breakout & Retest Done on weekly Chart.
Looks good from here to reach 10-15% or even more. let see I am already IN.
recommended SL : below low of weekly candle
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#monthlybreakout #weeklybreakout #multiyearbreakout
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