KRBL trade ideas
KRBLTWO 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)
KRBL Buy zone approaching. UPCOMING UPTRENDRSI 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)
KRBL about to zoomBasmati rice stocks are expected to give a good H1 with orders from key importers expected in March-May.... Prior to Ramadan months..... Following stabilising prices.....
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 also reduce .....breakout can be seen in the graph.... Expect a value of 280-300 in short term.... Technical take from a fundamental student...
