as we all know how overvalued this stock is but this stock has made bears loose billons so with a stop loss of 5% one can enter this trade and it is textbook entry as the stock has made a lower high and it has also broken a trend line
technical 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...
As we have entered a new bull market gold and Dollar are going to go down because people who hedged their positions in both of them during covid are going to square off and participate in the bull run .
In dec 2018 42$ per barrel acted as a major support now it is going to be a major resistance , 1st shoulder and head is formed now the price can go down upto 29 $ per barrel .
