Forming Cup and Handle pattern on daily chart pattern. Levels are marked on chart. Possible upside till 680. SL < 505.
"Analysis is only for educational purpose and not a recommendation"
Looking really good. More than 3 rejections on the downward trendline probably breakout if nifty supports
LETS WAIT FOR A GOOD DECENT daily CLOSE ABOVE 340 levels
Kaveri Seed looking good for touching min 600/- with SL of 420/- which is very conservative SL, just to make sure incase it returns back to fill the gap.
KSCL is consolidating in a range from past 6 months and 200 EMA acting as a key support level. Strong fundamental company good for long term and positional trading.
*Note: I am sharing my experience and analysis, please assess yourself before taking trade.
NSE:KSCL
The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months.
Disclaimer...
Expect the Quarter 1 results to be exceptionally good on a year on year basis due to lower base...this one is always a play for the Q1 results... the share price has gone nowhere for the past 5 years....good results with a share buyback announcement could do wonders to the share price
NSE:KSCL broke the previous high and is trading above it (575)
Bulls are in control. We see recovery forming a W pattern with strength in current upmove
For intraday I will buy above 604, RR will be 1:2 we can face some resistance at 610-612
For Positional I will hold it till 700.
