Thursday, August 20, 2015

Kaveri Seeds: Bullish Anti BAT Pattern


Kaveri Seeds Harmonic Pattern Analysis:

In Day chart, it seems that Bullish Anti BAT pattern has formed at 428.

Considering other parameters, RSI is in highly oversold region and +ve div can be observed. Along with RSI, Stock Fast has triggered upside.

Probable Entry: It seems that 5 waves has completed from 428 to 515. Its retrace comes at 472-462 (50%-61.80%), keeping SL at 428 or 446 (80% retrace)

Probable Target: Point B (693), 830 (Golden ratio of the fall from C to D) & Point A (1025)


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