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 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..
hidden 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
Kajaria Ceramics Limited is a holding company. The Company is a tile company engaged in the manufacturing and trading of ceramics, polished and glazed vitrified tiles. It offers products, including ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, and sanitary ware and faucets. Its glazed vitrified tiles are marketed in metros and urban cities through its network, comprising Kajaria World, Kajaria Galaxy, Kajaria Studio and other multi-brand dealers. Its ceramic wall and floor tile range comprises tiles in various sizes, designs and finishes and caters them to all customer segments. It is engaged in sanitaryware and faucets verticals through its subsidiary, Kajaria Bathware Pvt Ltd. It has an annual aggregate capacity of over 68.6 million square meters, distributed across over nine plants in Uttar Pradesh and Rajasthan; approximately five plants in Gujarat, and over one plant at Vijayawada in Andhra Pradesh.
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KAJARIACER
