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 @...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Reason for long
a) 2 year breakout
b) price and volume spurt
wait for pull back
under watch list as global market is down.. need to wait for pull back at 321 level with 7% SL
BUY KRBL STOCK PRICE @ 364 283% ROI EXPECTED
Buy Entry1 @ 364
Buy Entry2 @ 169.35
Target @ 650
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Trade signals would usually...
