Kaveri Seed Short Term Bullish Sequence

Kaveri Short Term Bullish Trend and Elliot Wave Cycles suggest the stock price will be trending further in the coming days.

The cycle project it should continue toward the August 2018 highs while it is above the March 2020 lows.

First & foremost the stock was in a sideways structure from August 2020 till November 2020, now the stock has given a breakout and which might project to 622 to 700 odd levels in coming days.

Positional Trade Setup holding period (1 to 45 days)

Confirmation to Buy @ 520 to 527 odd levels

Invalidation level @ 463.25

Up side Target- 622, 685, 732 odd levels

Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3248.72 Crore) operating in Agriculture/Horticulture/Livestock sector.

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Disclaimer- Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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