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Foram_C
May 14, 2018 5:10 AM

Buy KAJARIACER with short term holding target of 580 做多

KAJARIA CERAMICSNSE

描述

NSE:KAJARIACER

After failing to clear multiple tops resistance in the 740-764 zones, the stock witnessed a significant corrective decline. It has attempted to form a potential base in the 501-520 zones and has attempted to reverse. The RSI on the Daily Chart remains neutral but has shown a classical failure swing raising the likelihood of a reversal. The Weekly RSI has moved above 30 from a bottoming out area which is bullish. A bullish candle emerging on the 200-period Moving Average on the Weekly Chart also point towards likely pullback in prices over coming days.
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