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+ 2,975.43
+ 916.70
+ 79.00
-3,619.00
-1,360.00
+ 2,975.43
+ 916.70
+ 916.70
+ 79.00
+ 79.00
-3,619.00
The stock of Kajaria Ceramics was in a steady downtrend from September last year until early April 2025. But over the past month, it was largely moving in a horizontal path, indicating that the bears lost traction.
In addition, the scrip has now made a higher high and last week, it formed a bullish pin bar candlestick pattern. These are positive indications, and this opens the room for a fresh rally.
We expect the stock to appreciate to ₹1,100 over the next few months. Buy the stock of Kajaria Ceramics at the current level of ₹844 and accumulate at ₹815. Stop-loss can be ₹750. When the price touches ₹950, revise the stop-loss to ₹890. Alter the stop-loss to ₹990 when the stock hits ₹1,040. Exit at ₹1,100.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on May 13, 2025
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