KAJARIACER - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of Kajaria Ceramics Ltd. (KAJARIACER)

📊 Trend Overview

Current Trend: Consolidating with mild bullish bias

Price is hovering just above the 50-DMA (₹1,204) and well above the 200-DMA (₹1,123), suggesting a neutral-to-bullish setup.

RSI at 46.7 is in the neutral zone, indicating lack of strong momentum.

MACD at 0.65 is slightly positive, hinting at early signs of upward movement.

The 52-week index at 56.9% shows the stock is mid-range, having corrected significantly from its high of ₹1,579.

📈 Moving Averages

50-DMA: ₹1,204 — Immediate support.

200-DMA: ₹1,123 — Strong long-term support.

Price Action: Trading at ₹1,219, slightly above the 50-DMA, indicating a potential base formation.

📉 Momentum Indicators

RSI (14-day): 46.7 — Neutral zone, no clear buy/sell signal.

MACD: 0.65 — Bullish crossover, but weak slope.

Volume: 65K vs 1-week avg of 76K — Below average, showing low conviction.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,204 50-DMA, short-term support

Support 2 1,150 Previous swing low

Resistance 1 1,260 Minor resistance zone

Resistance 2 1,325–1,350 Trendline resistance zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,200–₹1,215 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹1,260–₹1,325 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Stabilizing — MACD slightly bullish, RSI neutral.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Cautiously bullish — Watch for breakout above ₹1,260.

🧭 Summary

KAJARIACER is currently consolidating, with price action forming a base above key moving averages. Momentum indicators suggest mild bullish bias, but low volume and neutral RSI warrant caution. Traders may consider entering near ₹1,200–₹1,215 and targeting ₹1,260–₹1,325 for exits. A breakout above ₹1,260 with volume could confirm trend continuation.

Let me know if you'd like a comparison with other building material stocks or alerts for breakout confirmation.

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