short kajaria ceramicshead and shoulder pattern brakedown.minmum 60 points downside.only for educational puposes
KAJARIACER trade ideas
Kajaria Ceramics - At Support.Stock has taken support @ 200 EMA multiple times.
Previous Resitance Providing Support.
Again Trading in Buy Zone.
Trial SL Once In Profit. Final Support @ 531.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Kajaria.. beautiful negative divergenceKajaria Has broken the trendline of the move it had from 300s. and formed a top with negative divergence.
looks weak. with 20 dma crossing below 55 dma and about to cross below 100 dma.
can be sold at CMP fpr 550 target or on rise with resistance at 55 dma.
below 550 can test 200 dma..
KAJAria ceramics CMP 596.95 Short below 594 ( Sl 600) TargetKAJAria ceramics CMP 596.95
Short below 594 ( Sl 600) Target - 590 - 586 - 581+
buy above 600 ( SL 594) Target - 603- 605- 609- 611+
All cash levels
Breakout Flag Pattern Its Not a recommendation - Purely educational Purpose only - I am not a certified analyst
Details mentioned in the chart
Kajaria CeramicsPrice action is taking resistance at the trend line. Sustaining 594 - 596 will push the price towards 600, 605 and 610.
KajariaCer long ideauntil in the end where it bends..
probably one push upwards here -
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long at 595
SL 585
Squareoff 620
shorthidden bearish divergence on hourly and possible head and shoulders pattern on daily makes it an ideal shorting candidate.short once price breaks doen 50 ma on 15 min tf
#KAJARIACER CASH : STRONG RESISTANCE 600#KAJARIACER CASH
16 MAY 2019
ALL LONGS ONLY ABOVE 600.10
(TILL BELOW 600.. FIND SELLING OPPORTUNITIES)
STRONG RESISTANCE 600
CMP 592.90
Kajaria Ceramics - Inside Bar TradeLong on 570.00 break with SL as 560
Short on 560 break with SL as 570
A double inside bar near the crucial support levelGood probability of an explosive move on either side.
There has been steady but small increase in OI since 26th Apr during which price was mostly declining. Then there was 27% increase in OI on 8-May (378 new contracts), which happened to be a green day. A closer look at volume profile pattern on the futures chart suggests buying near the support (not shown here).
No directional bias considering market volatility. Will be playing by double inside bar entry exit rules for this trade.
DAILY || KAJARIA CERAMICA || BUYOne may buy Kajaria Ceramics on dips only for 2nd May with SL of 580 and targets of 602/607.
