Dont know why this did not rally with Daawat & KRBL.. The trendline breakout could give a good opportunity.. KRBL seems strongest of the Rice pack so far.. But, there is no harm playing this as a "Rice basket"..
With some more patience, the opportunity for value buying will emerge.. Patience until then..
Trying out a Nifty ratio chart... Another 1-2 situation where a potential huge 3 is due.. A bit of patience here for the breakout to come could find nice returns especially when the trendline is broken through.. Bank Nifty taking a bit of rest and Metal index having a move here could result in the breakout even with smaller price movement..
Maithan Alloys at bottom of longterm trend channel after what looks like a 1-2 of a new 5 wave move.. Wave3 if / when works out should yield good returns..