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.
50 Day EMA- 525
200 Week EMA- 538
Buy at CMP- 540
Target- 570, 591, 609
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This 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...
Kaveri 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...
Hello 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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In coming weeks
Nifty Small Cap 100 may make new ATH above 9656.
From here a swift Potential Rally of 15% ahead till 10044.
Golden Cross Formation on WCB >> Very Bullish Signal
Watchlist to participate in Rally