ive recently started to notice once this candle is made, the next weeks candle is usually a good one and its a buy after that. hoping it reaches my target this week itself
on weekly candles it has taken support on lower trend line.
market already turning favourable to manufacturing sector.
so there is a move which started, grab at the right entry point and be rewarded
In the Weekly Chart of KAJARIACER ,
we can see that; it is at decision making point.
Also, Halt candle is created.
Enter on breaking its High with Low as SL.
Kajaria Ceramics Cmp 1400 dated 12-1-2024
Weekly Chart (Positional Investment)
1. Triangle BO @ 1405
2. Cup & Handle Pattern BO @ 1405
3. Volume Rise
Buy above 1405 target 1425-1490-1525-1590 SL 1335
It is just a view, please trade at your own risk.
This stock gave breakout for symmetrical triangle pattern and the pattern target is not done yet and its taken a strong support and moving up.we can go for a buy in this stock for about 20+% target.Stop loss will be weekly close below 1170(near 14%) however if the stock moves up and close above 1440 we can move the stop up to 1270(near 5%_
#KajariaCeramics CMP 1313 is respecting the earlier demand zone of 1200-1300 and giving a breakout with decent volume.
Kajaria Ceramics price remained in the range of 1000-1200 from June 22 to April 23 and came out of this range in may 23. Now it is showing good support at 1200.
Seems ready for 1350/1400/1470 in mid term with SL of 1225 on closing basis.
In the Weekly Chart of KAJARIACER ,
we can see that; it is same range since 4 weeks.
Possible momentums are shown in chart.
Take a simple trade at 1300 with SL as 1275.
📊 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...
📊 Details
Kajaria Ceramics Ltd is primarily engaged in manufacturing and trading of ceramic and vitrified tiles in India. It is the largest manufacturer of ceramic/ vitrified tiles in India and 8th largest in the world.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis...
Hi Peeps !
This chart shows us an perfect example of rectangle breakout.
Here it broke put with strong candle and came for a retest. Once retest is done it will show its upward potential.
Sl can be previous weekly low.
Note : whenever an good company rallies much..it would take some time and consolidate for few months and again shows its potential..same like...
