* On a daily Chart, the stock has taken a strong support from it’s horizontal line and given the break out of it’s range bound movement which indicates a northward journey in the counter.
* Moreover, the stock has confirmed the Bullish Harami pattern which is reversal pattern indicates that the stock could accelerate its upward movement.
* Furthermore, the stock has managed to sustain above 21& 50 HMA which points out strength in the stock.
* The daily momentum oscillator “Know Sure Thing” has given a positive crossover which suggest upside rally in the counter.
* A daily momentum indicator RSI reading is at 44.20level with a positive crossover as well as positive divergence has been seen which points out for a positive breadth.
* Based on the above technical structure, we are expecting an upside movement in the counter in few trading sessions.
Buy Kaveri Seed Company Ltd Nov Fut @ 501 Upto 499 Stoploss 484.90 Target 535
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