KRBL daily chart shows the flat bottom channel. This stock is fundamentally very strong and one can initiate a buy entry in deep with the given target and SL.
This entire analysis is for educational purposes. Please let me know. your view...
@venkys4488, KRBL is fundamentally very strong I think one should accumulate this at 186 and further low 144. This is one of the inflation-free scripts.
gopinathk
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@absu21 So it is now below stoploss, so ur bullish view is negated? Do u think it will correct more? Or ur targets are still intact?
absu21
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@gopinathk, Let be the SL on EOD basis then we can take a call on it.
absu21
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metallicanarmy
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Some people say that for KRBL, bulls are getting weak because we're seeing lower highs, what's your take on that?
absu21
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@metallicanarmy, Yes it is a little overvalued but fundamentally this stock is very strong in numbers. You might see slow progress but the growth will be steady.