After a consolidation of almost 50 days, Kajaria is ready to rock now.
It has given a breakout in the last week of may and since then there was a loss of momentum (volume).
It was in a sideways range from June 1st week till now, from which it has finally broken out on 18 August 2021.
Looking at the higher high volumes on buy side and overall bullish structure of the stock we can expect the levels of 1260+ in coming days or weeks.
Daily close below 1020 will invalidate the LONG SIDE view.
Do your analysis and make a trade plan that suits.
(have tried to cover everything in detail in the chart)
