The outlook for Kaveri Seed Company (₹689.6) appears bright. The stock rules at a crucial level. Kaveri Seed faces resistance at ₹732 and a close above it will lift it to ₹852.
While immediate support appears at ₹632, a close below the next base at ₹566 will alter the positive outlook for Kaveri Seed.
Traders can consider booking profit at ₹732. Those with a high-risk taking ability can even aim for ₹852 levels with trailing stop-loss.
They should bear it in mind that the stock is highly volatile and could dimish the profit or widen the loss within a span of time.