Rupak De Bonanza Portfolio
Kajaria Ceramics has moved above the last three days consolidation high. Moreover, the stock has completed a bullish AB=CD pattern on the daily chart which suggests a reversal in the price trend in the stock.
Momentum oscillator, RSI (14) on the daily chart has formed a double bottom and moved out of the oversold zone which suggests momentum to remain positive in the short term.
Traders can accumulate the stock in the range of Rs 440-450 for the target of Rs 500 with a stop loss below Rs 422.
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