KRBL formed a double bottom with a strong bullish breakout. Can notice divergence on RSI when both bottom were tested signaling bullish momentum. Stop loss can be held just below previous swing low with first target on previous resistance point. Notice low volume when price was falling signaling dried up sellers.
If you think this idea is worth your time, please...
1) Price had broken out from a contracting range formed from 2020 to 2023
2) Following that, a double bottom was formed above the earlier range
3) So expecting to consolidate and move up towards All Time High by completing U shape pattern
4) But keeping SL is tricky and required a minimum SL up to 10.5% and maximum of 21%
Please share if any other views for...
T-1 : 552.75
T-2: 672
SL : 400
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
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Company website krblrice.com
World's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India
Also World's largest Basmati Rice exporter with channels in more than 82 countries
Lowest price to earning at 12, Market Cap: Rs. 5,700cr ( $ 750 million)
6% debt vis a vis peer companies debt @...
KRBL looks good on Daily, Weekly, and yearly Timeframe.
This stock has good fundamentals.
We can see a good really above resistance.
The buyer's volume looks very attractive.
Disclaimer: Not a buy/sell suggestion, it is for educational purposes.
A clear breakout on patternz on monthly TF with good volume, a long term buy, with drought and climate changes around the world, Rice producers will have good time in coming year or so.
KRBL looking good.. this KRBL give trend line breakout with good volume.. and make cup pattern this time
.....may be in coming day will make new higher high level try took stock for swing trade ,...........
buy: - 288
Target :- 305, 3335
SL : 252
