PrasannaVasu

KRBL - Bullish Breakout

Long
NSE:KRBL   KRBL LTD
Stock is in uptrend in Monthly& Weekly Charts. Daily charts indicating a consolidation forming Symmetric Triangle pattern . Today price action indicating bullish breakout of pattern with big volume . Ideal candidate for short term gains. Levels mentioned on the chart
Trade closed: target reached: Price made a high of 293. Closed 50% position.

Comments

@PrasannaVasu don't u think, it will retest 300/- in very short term??
Reply
PrasannaVasu gopinathk
@gopinathk, yes. My expectation price may travel upto 330. Pattern target suggest 330. Pattern breakout @ 230. Pattern height 100. Target ~ 230 + 100.
Reply
gopinathk PrasannaVasu
@PrasannaVasu, thanks bro for sharing ur opinion. CARE has upgraded it's rating to A+ from negative watch.
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