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...
