Kriti Inds cmp 166.83 by Weekly Chart view since listedKriti Inds cmp 166.83 by Weekly Chart view since listed
* Stock Price is well below EMA 21 and EMA 50 but placed decently above EMA 100 and EMA 200
* Volumes are pretty flattish, below the average traded quantity, need to increase for an upside
* Stock Price seems testing retesting the Support Zone to take an upside after fall from ATH level
* Weekly basis Support at 133 > 101 > 75 with the Resistance seen at 190 > 219 > 244 > ATH 270
Kriti
KRITI - Ichimoku BreakoutStock Name - Kriti Industries (India) Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 125
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Kriti Nutrients: Rising Edible Oil prices augurs well!1. Kriti Nutrients is a manufacturer of Soya value-added products, used in the pharmaceutical application, food and edible refined oil. Market cap - 191 cr; PE 9.52; EPS - 4.17.
2. Atul Singh ASAN's pick. Spotted by him first and excellent study by him on twitter.
3. Company doing sales ~600Cr.
4. Return on Equity at 25% and Return on Capital Employed 27%.
5. Since edible oil prices are soaring and will continue to increase this entire year well into December 2021, this stock is a sureshot multibagger 3x-5x for sure!