Kajaria Ceramics is in the down trend.
On 07/05/2018 it formed a bullish engulfing candlestick pattern with higher volume.
Entry above the high of the engulfing candle at Rs. 533.65
Stop low of the engulfing candle at Rs. 501.25.
Risk Rs. 32.4
Target 1.5*risk = 48.6+533.65= Rs. 582.25
Risk reward ratio is 1:1.5
Duration expected is 2 weeks.