The attached weekly timeframe chart of KSCL (Kaveri Seed Company Ltd) signal a gradual up move in the stock price over the last few weeks.
The stock price is currently making an attempt to stage upside breakout of the larger consolidation range at Rs 555-Rs 560 levels (resistance as per the concept of change in polarity).
Hence, a sustainable move above Rs 555-560 levels could mean a resumption renewed upside momentum in the stock price. Weekly 14 period RSI is placed at 55-56 levels.
It sustainable move above 60 could indicate further strengthening of uptrend.
The overall chart pattern of KSCL (Kaveri Seed Company Ltd)signal long trading opportunity. One may look to create a positional long as per the levels mentioned above.
Buy Kaveri Seed Company Ltd Up to 3 months @ 551-515 CMP 545.75 TGT 650 SL 503
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