Technical Analysis Kajaria Ceramics Limited.

The stock $KAJARIACER is has completed a significant corrective phase and is currently showing strong signs of a bullish reversal. After a prolonged downtrend that bottomed out near the 880–900 zone between February and March the price structure has shifted from making lower lows to forming a solid base. The stock successfully tested the 880–900 level multiple times establishing a strong support floor. Immediate Resistance 1170 – 1200. The stock is currently testing a minor psychological and structural resistance zone. A clean breakout above 1200 will clear the path for a move back toward the previous swing high. Major Upside Target 1240. A sustained move above this level could push the stock further toward the 1310 psychological resistance level. Key Support 1060. This is the recent higher low. As long as the stock stays above this level on a closing basis the short-to-medium-term bullish structure remains intact. Stronger structural support lies at the ultimate base of 880. For short-term buyers the stock presents an active momentum opportunity as it tests the immediate resistance around 1170–1200 a decisive breakout above 1200 can trigger a quick rally toward the next major target of 1240. Dips toward the 1120–1080 support zone can be utilized to accumulate with a strict stop-loss below the recent swing low of 1060. For long-term holders the view remains highly positive as the chart shows a structural shift from a downtrend to a classic higher-high higher-low pattern, confirming a solid bottom formation near 880.