KRBL is hitting the resistance around 300 continuously, now at support level of 250, may continue upmove and reach 380, Stop loss at 230.
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KRBL is Small Cap Stock-In present is turn to Positive side but the Overall trend is in Negative Only , take carefull Entry , on Buy side Buy aboive 205 the Tgt Is 210 &222
TWO views currently in KRBL
If bounced from here, will face major resistance at 300
If falls more, can find support at 200.
Two key levels to watch out. (IMO)
RSI approaching oversold conditions. feeble signs of an upcoming trend trend reversal post truncation at the bottom(5).
Wait for confirmation till wedge breakout.
Buy:441
Stop:408
take profit:
493
533
568
672
1000(long term)
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Krbl has considerable inventory at lower levels so expect decent bottom line and operating margin growth. Further as capex capital is not foreseen in next few years... Net debt levels should...
