KRBL is one of the leading stocks in basmati rice export(holding company of India gate brand) Recently, Indian government has put a ban on non-basmati rice exports which has led to increase in price of basmati rice in the world. However, despite of the positive news for the stock, no major price change was observed in chart. The stock is available at a PE of 12...
In KRBL, we can clearly see a formation of the cup and handle patterns on weekly charts. It has been trading below 300 for more than one year. It has finally given closing above 300 on a weekly basis. One can add positions from a range of 300 -325, we can see 400 & 560 levels on KRBL in 2-3 months time. Keep stop loss below 225 on weekly basis. Keep following the...
#KRBL Breakout is done Can be added 70% now and 30% at retest (black TL) Keep trailing SL to get benefits. Expecting good upmove. For long term management is an issue, hence will trade on what we see on charts. Good luck #VR
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