Stock is on resistance zone. Wait for breakout around 50
Buy above 50
Target- 57.5, 63, 70
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Ascending triangle pattern in daily chart. At support level.. Target 50 in the next few weeks (almost 20%). Long term target around 75 rupees. (75% upwards move). Invest a small amount of your capital and wait for some 6 months. Analyse before entering the trade.
Live Challenging Stock Market Analysis #KRITNUT Buy @ 44.35
Target1 @ 56.85
Target2 @ 84.50
#sharemarket #KRITINUT #Nse #stockmarket
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Recently a trend breakout on the chart.
RSI - a bullish divergence
I am bullish on this trade, but current covid crisis may ruin the party. If all goes well it is gonna hit 48-50 soon.
Please DYOR before investment, above mentioned details are just for educational purpose only.
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%.
KRITINUT has broke the downtrend some time back and has bounced from strong support zone. The chart is forming a cup formation and we can capture the upside 35% as it is undervalued. Fundamentals seems to be good.
not looking bad for 51 n then 57 in short term!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.