Kajaria Ceramics | W Pattern Breakout + 200 EMA Crossover

Stock: Kajaria Ceramics (NSE:KAJARIACER)
Timeframe: Daily Chart
Type: Positional Breakout Trade

🔍 Technical Breakdown:
✅ W Pattern Breakout:
Stock ne ₹1072.80 ke neckline par classic W (double bottom) pattern breakout diya hai.

✅ 200 EMA Crossover:
Price ne strong bullish momentum ke saath 200 EMA (around ₹1047.50) ko cross kiya hai — indicating trend reversal.

✅ Volume Confirmation:
Breakout candle ke saath decent volume activity dikhi gayi hai — bullish strength ka signal.

✅ Indicators Supportive:

RSI currently above 63 — showing strength, not yet overbought.

MACD crossover confirms bullish momentum.

📌 Trade Plan:
Entry (CMP): ₹1105.70

Buy on Retest Zone: ₹1072–1080

Stop Loss: ₹1040 (Below 200 EMA & W base)

Target 1: ₹1120

Target 2: ₹1160

Target 3: ₹1220

Risk-Reward: Minimum 1:2.5

🧠 Key Observations:
W Pattern breakout backed by trend shift & volume = strong setup.

Ideal positional setup for next 2–4 weeks.

Avoid fresh entry if closes below 200 EMA again.

Retest near ₹1070 can be used for better risk-reward entry.

📉 Chart Summary:
W Pattern ✅ | 200 EMA Break ✅ | Volume Support ✅ | RSI Strong ✅

🔔 Disclaimer: This is for educational purposes only. Not financial advice. Please do your own research or consult a SEBI-registered advisor.