KAJARIACER: The Stock You Don't Want to Miss!

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📊 Key Details
  • KAJARIACER, a ceramic industry company and part of Nifty 500 index, has been a powerhouse stock in a strong bullish trend until October 2021.
  • The stock's historical monthly chart reveals an astounding 14,405% return from Rs. 8 to Rs. 1365, spanning from 2007 to 2021.
  • After reaching its peak, the stock entered a consolidation phase that persisted from October 2021 until BEFORE yesterday.
  • However, yesterday marks a significant breakthrough for KAJARIACER as it breaks out of the consolidation pattern with substantial volume.
  • The stock opened with a gap up today, and the weekly bullish candle indicates minimal selling pressure and robust buying activity, making it an excellent candidate for a potential buy entry.


Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.

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Uwaga
🔍 KAJARIA CERAMICS (NSE:KAJARIACER): On July 20, 2023, I noted a breakout when the price hit 1463. It surged to around 1523, but here's the exciting part - there's another opportunity!

snapshot

But first, let's break down the technical analysis and key terms so even new traders can join the ride.

The Big Picture:
HTF (Higher Time Frame) 📅: On the monthly chart, KAJARIACER is testing a support level that was previously resistance. This could be a retest of the breakout. HTF provides the bigger picture.

ITF (Intermediate Time Frame) 📆: Zooming in on the weekly chart, it's clear - the stock is in an uptrend. ITF helps us identify the overall trend.

LTF (Lower Time Frame) ⏳: On the daily chart (our execution frame), we spot something interesting. The stock is chilling on its demand zone. LTF is where we execute our trades.

🔝 Top-Down Analysis:
No supply zone in sight on the higher time frame, Up trend In ITF, strong Leg-out candle formations in LTF, and a juicy risk-to-reward ratio of 1:3. Here's the plan:

- Buy around 1336.
- Set a stop-loss below 1312.
- Target at least 1410.

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🌟 Trading isn't just about charts; it's a journey towards financial freedom! Keep the momentum going! 💪

Curious about the indicators I used? Check them out:
Smart Money Concept Demand and Supply Zones RBR RBD DBD DBR
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📚 This analysis is for educational purposes only, and I'm not a SEBI registered analyst. Trade responsibly.
breakoutceramickajariaKAJARIACERkajariaceramiclevelskajariaceramicskajariaceramicslongkajaricernifty500Trend Analysis

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