KSCL

Flash News Investment - - YOUR TECHNICAL PORTFOLIO GUIDE -

Can I en­ter KSCL at cur­rent mar­ket price?

BUY KSCL AT CUR­RENT PRICE WITH STOP LOSS OF RS 495 ON CLOS­ING BA­SIS.

Kaveri Seed Co. Ltd is cur­rently trad­ing at Rs 597.50. Its 52-week high/low stand at Rs 659.95/Rs 433 made on Au­gust 31, 2018 and Fe­bru­ary 6, 2018 re­spec­tively. Con­sid­er­ing the daily time frame, af­ter nine weeks of con­sol­i­da­tion, the stock had re­cently given a mul­ti­ple re­sis­tance break­out at Rs 542 and hit Rs 558.70, along with ris­ing vol­umes. The 14-pe­riod day RSI is trad­ing in bullish zone, which is pos­i­tive for the stock. For the short term, Rs 500-Rs 495 is likely to act as the short term sup­port, while on the upside, the stock is likely to touch the lev­els of Rs 625- Rs 650 in the near term. There­fore, we sug­gest you to buy KSCL at the cur­rent price with stop loss of Rs 495 on a daily clos­ing ba­sis.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.