Immediate target for Kaver Seeds Rs 362: Rajat Bose
The chart pattern is weak in the sense it was showing some distribution. I am not too confident this kind of a spike will sustain, but it does so much the better than in that case.
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| Updated: In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his investment ideas.
What is your take on Kaveri Seeds?
In the last one month or so, there have been several spikes right from the 22nd of February when it touched Rs 350 for the first time, and we have already seen four spikes, and today is the 5th day. We need to see whether it really sustains above Rs 350 or not. Since that is the level where the spikes happen and after that it fizzles out. Of course, there is news even today and probably it might sustain. Otherwise, the chart pattern was weak in the sense it was showing some distribution. I am not too confident this kind of a spike will sustain, but it does so much the better than in that case. The immediate target would be Rs 362 and above that, the target would be something like Rs 370.
What is your take on Kaveri Seeds?
In the last one month or so, there have been several spikes right from the 22nd of February when it touched Rs 350 for the first time, and we have already seen four spikes, and today is the 5th day. We need to see whether it really sustains above Rs 350 or not. Since that is the level where the spikes happen and after that it fizzles out. Of course, there is news even today and probably it might sustain. Otherwise, the chart pattern was weak in the sense it was showing some distribution. I am not too confident this kind of a spike will sustain, but it does so much the better than in that case. The immediate target would be Rs 362 and above that, the target would be something like Rs 370.
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