KSCL trade ideas
MEDIUM TERM PICK : KSCLReasons for Buy
1) 1st Bull Fractal Break resulting into impulsive upmove
2) bear fractal not broken and support taken
3) price move up after 1st FFB , SB also moving UP
4) Arriving at the Support formed during impulsive move with lots of indecision and higher lower wicks, which shows lower price rejection
5) forming bullish engulfing previous 2 candles
6) Daily Perfect Kumo Breakout
Entry: if Current Monthly Candle engulfes previous 2 candles at close. Take Entry 1 tick above high of this candle
Stop Loss: CB 422
TARGET 1: 668.2
TARGET 2: 814.7
TARGET 3 :1051.7
Kaveri Seed - A Good Investment This one is trading an under value price as compared to its intrinsic value.
For short term traders, it is good time to buy at around 375 for the first exist target of 460.
It is overall a good healthy company and after an agriculture focused budget, it has great potential to go much higher in long term.
In my opinion, it is a good and safe buy.