The continuous fall in the counter is suggesting some concentrated hands distributing the stock continously. Best to sell if 430 is broken for potential targets of 385-400
This stock is correcting after a good bull run.
Currently it is taking support.
For long entry at or above 607 with SL at 594 for T1 - 620 T2 - 633
If you are already long important levels to watch for is 607 and 594 on closing basis.
Quite an amazing consolidation after a sharp run up. Which ever way this breaks, I expect a 100 pt move within no time. I am biased for a up move though!
Stock is forming FlagPole Pattern, and has retraced back from 61.8% levels in Fib Fan. Currently trading @458, can be bought for a trgt of 540, with a SL @445
BSE:KRBL Moving upwards breaking crucial trend line srip to inch higher post breakout and expected to give almost 30% gains in long term
MACD giving bullish signals coupled with positive moving averages.
CMP 436
immediate Target 500
Stop loss 420
KRBL at lifetime high and just broken a resistance.
Stocks with these setups normally go Kaboom.
Keep an eye:-
Target 420/440/460
Positional targets can be much higher, will review this later if SL is safe
SL 384
This looks like a classic wyckoff distribution candidate. The throw over above the trend channel and the subsequent trading range makes me suspicious of a potential distribution. Lets wait and watch.
