KAJARIA: 3 months VCP PATTERNVolatility contracting from left to right.
Buy Range: 980- 1010
SL: 8% Max
Target: 20%
KAJARIACER trade ideas
Swing Opportunity in Kajaria CeramicsGo Long above 956.05 for Targets of 977.6, 999.05, and 1020.7 with SL 934.5
Reasons to go Long :
1. The stock formed a Symmetrical Triangle pattern and today it gave a breakout with good volumes.
2. The major trend is bullish or an uptrend, so after the breakout, it will continue its uptrend.
Kajaria Ceramics Long/Swing TradeIn Day time frame, Kajaria Ceramics is looking for a breakout. Can buy above 948, levels are on the chart. Do your own analysis before investing.
Kajaria Ceramics on verge of Flag breakoutFlag internal structure of abcde moves are completed long near 930 SL 851 target as per charts.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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KAJARIA Already in STRONG UPTREND
Right now it is CONSOLIDATING wel.
RSI CONVERGENCE.
It may breach all 3 targets.
Also watch SOMANYCERA also from same sector.
Only for learning PurposeChannel formation waiting for reversal. Not a trade recommendation only for learning Purpose
Consolidation at Support LevelTakes a clear support with this level, keep the SL just below the support at 842 and keep the Target @990. It's acts as a Range bound or a swing with in that zone.
Inverted head and shoulder development around ATHThe stock looks good above 1000 level for both intraday and swing trade.
