Technical call – Buy KAVERI SEED above 1440 sl 1100 target 2000-2700

holding period 6 month to 18 month.

Technical study –  as we can clearly see in the chart that it has broken the triangle pattern and given clear breakout candle above resistance line.  also its started to move up above its 100MA. RSI suggest that it has completed its falling direction now, and planning for trend change at present.

previous study and calls in same stock – previous we had given KSCL @ 380 level for positional buy in a month of april 2011 and from there it has given a movement till 1550 level which is almost 400%  move till feb. 2012.

so stock has capabilities of moving in multiples. as it has given 400% move in just 11 months.  so for all traders and investors, please trade in your limit if you hold delivery please try to buy it at proper level and give time to stock. if it reverse from any point then keep booking part of your profit. in case we unable to track this stock then please keep in touch with us to get regular update about the positions.