Kaya Limited (Kaya) is engaged in skin care business.
Positives:
Strong Momentum: Price above short, medium and long term moving averages
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Near 52 Week High
Negatives:
Inefficient use of capital to...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Bouble Bottom
📌 Symbol/Asset: KAYA
🔍 Description: Momentum above resistance
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
The chart is self-explanatory. #KAYA
upside potential > 15%
TREND ANALYSIS + BREAKOUT + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Reason for long
a) price closing above vwap is a buy opportunity with 14% SL and 23% target. Hence qty need to optimized to not to exceed 1% risk on total investment.
b) SL compulsory
c) Head and shoulder pattern and price at pull back zone
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
The inverse head & shoulder pattern is broken. Buy at the retest at around 380-390 levels for a target of 425.
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Happy Trading :)
