KAJARIA CERAMICS is been on downtrend for long time. Its taking support and building a strong base at 572 zone. The stock looks good for reversal.
Wait for a green candle to break it the candle high of 582 and go long.
SL and Targets are in the chart.
In weekly, there is a strong horizontal resistance and price is getting squeezed, good probability for a breakout this time.
in daily, price is closing above horizontal resistance and BB is expanding.
sl - 660, tgt - 1020
Government push to affordable housing can act as a good long term support for the stock . The trendline has held in the longer time frame and looks a good entry for long term investors.
Kajaria ceramics has formed two pattern which are very strong and bullish patterns in nature.
The only difference is the time-frame
It managed to form "Double Bottom" on daily chart(strong buy)
It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call)
I am happy to see that the price has broken out of both these patterns in the...
Stock is no doubt in a uptrend.
While it is squeezing and trading in a range it's on the verge of a upward breakout and the reason are as follows:-
1)Moving averages are converging(nearing each other)
2)If we add in 20-dma with a 2-standard deviation higher and lower band it shows the squeeze.....
3)The lower end of the band is 690 and next major support is 693 so...
KAJARIACER has formed weekly ascending triangle pattern. It should close above 742 for confirmation of this breakout as it has failed two times in the past but once confirms, then upside is huge.
Kajaria Ceramics:693 support 660 is having a strong fundamentals with a n annual sales 2528cr & an ROAE 23%.
once the correction is over it is having the potency to move towards 900
Management perception:
Recently both Ashok kajaria & Rishi made a visit to kochi in the first week of Oct17 for the opening of Kerovit, the new exclusive showroom for the...
