KRBL is ready for another swing, 83% upside possible from hereHello guy's i have brought another stock which has taken support in trend continuation pattern, stock has shown huge volume spike, means traders and investors showing interest from this level. Higher probability we can see krbl towards 450/550+ in coming few months. Fundamentally this is one of the best company with good management, it has helped many investors to create huge wealth in past. Since Nov 2017 after making fresh new all time high at 675, it went in downtrend and made fresh low at 92 in march 2020(covid fear). Now stock has just taken support at support line and it is ready to fly in blue sky.
Q:-What is Bullish Ascending Channel or Trend Continuation Pattern?
Ans by Rahul:- A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price.
Q:- How to take Entry and Exit in Trend Continuation Pattern?
Ans by Rahul:- Traders often consider buying near the lower trendline of the rising channel, anticipating that the price will bounce within the upward channel pattern. This provides potential entry points for bullish trades. And when price approaches the upper trendline of the channel, traders exercise caution. This is because the upper trendline may act as a resistance level. It's a point where the uptrend could temporarily stall or reverse, and this is only exit point or profit booking area for the Traders.
Well guy's, while a rising channel suggests the continuation of an uptrend, traders also watch for potential ascending channel pattern breakouts. A rising channel pattern breakout can occur when the price either breaks above the upper trendline or below the lower trendline. An upside channel pattern breakout may signal a potential acceleration of the uptrend, while a downside breakout could indicate a reversal or trend change.
About Company:-
KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.
Market Cap
₹ 7,100 Cr.
Current Price
₹ 310
High / Low
₹ 471 / 258
Stock P/E
11.9
Book Value
₹ 212
Dividend Yield
0.32 %
ROCE
15.8 %
ROE
12.5 %
Face Value
₹ 1.00
Industry PE
38.0
Debt
₹ 545 Cr.
EPS
₹ 26.0
Promoter holding
60.2 %
Intrinsic Value
₹ 325
Pledged percentage
0.00 %
EVEBITDA
8.47
Change in Prom Hold
0.00 %
Profit Var 5Yrs
3.56 %
Sales growth 5Years
5.50 %
Return over 5years
-0.35 %
Debt to equity
0.11
Net profit
₹ 596 Cr.
ROE 5Yr
14.8 %
Profit growth
-15.0 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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