Long Kaveri Seeds KSCL Stock has given Positive Reversal on 3rd December.. and about to break 3months downtrend.. Buy @ 520 with the target of 580.
Stop Loss :501
Time Frame : 15 - 20 Days
KSCL trade ideas
KSCL IS LOOKING GOOD FOR LONGKSCL IS CONSOLIDATING AT 500 LEVEL IT IS GOOD TO ENTER WITH THE SL OF 480 ON CLOSING BASIS FOR A TARGET OF 560
kaveri seeds at this price is a buytechnical rationale
As we can see in the weekly chart kaveri seeds has broken the weekly trend and now is taking support at both the trend line and the 200 EMA of daily timeframe the price has jumped twice making a lower a high .
fundamental rationale
The stock has PE of of 9 at this price level and the company has given its best quarter of its lifetime in this tough time when the other companies are struggling which shows its resilience , the PE can easily expand upto above 20 like what happened with pharama and tech stocks
KSCL - 2H TF - Head & ShouldersHead & Shoulders pattern forming on 2H Chart of KSCL. SELL 590, SL 630.1, Target(s) - 555, 540. Measurement = 85. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Kaveri Seed close to completion of fourth Elliot WaveKaveri Seeds recently finished its third wave which was 261.8% of the first wave. The fourth wave has nearly retraced 38.2% of that move. A 61.8% of the third wave could take it up to 750 by November -December 2020. Set stop loss at 553 which was a previous support region.
Daily Swing Call // 26th August 2020 // Kaveri Seeds // KSCL Call for Wednesday 26th August 2020 // This is a swing trade call and not an intra-day trade //
NSE:KSCL
CMP / LTP: 638.7
IDEAL BUYING RANGE*: 615-645
TARGET: 765+ (20% Around)
STOP LOSS: 575 (10-12 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-
5%range). This way the Risk Reward can be improved and profit can be maximized.
- This is a swing trade call and not an intra-day trade
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Disclosure: I may or may not have a position in this trade.
KSCL - 4H TF - Bearish BatBearish Bat pattern forming on 4H Chart of KSCL. SELL 673-674, SL 683.1, Target(s) - 664, 660.
