KRBL breakoutKRBL has given a breakout of sloping Head and shoulders pattern .Volume has been very impressive in recent weeks
Sl 177
Target 480
KRBL trade ideas
KRBL Inverted H&Sit is forming inverted H&S on weekly chart.
increased volume in the last few weeks indicates long build up.
DI+ > DI- on monthly chart.
200 WMA placed at 325.
Narrow CPR on daily chart.
Highest weekly RSI on out of last 3 years.
KRBL Inverse head and shoulders pattern breakout possibleKRBL Formed Inverse head and shoulders pattern at bottom of trend.
Volume has started picking up gave bullish close above 300 today.
Can enter long near 290-80 with 233 stop loss for long term targets 650
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I may or may not trade this analysis
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KRBL - TriangleTriangle forming on Weekly Chart of KRBL . BUY CMP, SL 175, Target(s) - 300, 360, 380-90, 425. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
KRBLKRBL gave breakout and retesting is also done. be careful at 52 Week high. if it sustains above 52 high then it's good for more up move.
Ready to fly! ( A must have for your watchlist)Touching the resistance since last 2 and half years, and now following a bullish trend line on smaller time frame with increase in volume.
Bullish Buildup on KRBLScrip was in downtrend since 2017. Now it is on the verge of changing trend, if it plays out good, it might give good targets.
#KRBL Inverted Head and shoulders patternNSE: KRBL
We are again looking at an inverted Head and shoulders pattern. We have large candles indicating good volume. Wait for breakout and enter
Educational purpose only - trade at your own risk.
Good luck.
KRBL - turning out to be a jackpot!Watch out:
1. If this correction is Zig Zag then wave B retracement must be less than 61.8 % of wave A
2. If this correction is FLAT then wave B retracement must be greater than 61.8 % of wave A. As we know we have 3 variants of FLATS and each one construction is different. So I think 50 % - 61.8% retracement is risky zone.
Please note that - No pattern is 100 % accurate, No candlestick is 100% accurate, No Indicator is 100% accurate. Market is extremely dynamic. It moves in own spirit. No one can predict it, its just a wild guess everyone is making and all analysis are debatable! This idea is just for education purpose and representation of my own understanding. I love to see what other people think about this and create a healthy conversation. I strictly do not recommend anyone to take any action based on my analysis as I may be right or wrong so use your own knowledge, wisdom and analysis.
krblkrbl
- stocks has forming head and shoulders pattern.
Stock sustain above 289 Next level to watch 320/360/390 levels
-Support is near 225 level on chart.
KRBLKRBL Limited is an Indian rice processing and exporting company, and the world's largest rice miller. Its India Gate brand of basmati rice is the largest selling rice brand in India as well as the largest exported basmati rice brand in the world
Good for shortterm as well as Midterm
required 280 above monthly closing for good momentum in stock
KRBL: INVERTED HEAD & SHOULDER PATTERNKRBL Inverted Head & Shoulder pattern on weekly time frame
Good volumes
On 200 Weekly Ema
KRBL - KRBL is the worlds leading basmati rice producer and has fully integrated operations in every aspect of the basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding, and marketing.
Brand Portfolio -
The company sells rice under its flagship brand, ‘India Gate’ along with the other 13 brands like Taj Mahal, Doon, Nur Jahan, Bemisal, and Unity among others. It has also created a strong brand presence through collaborations with global retail chains
Good sales increase in last 3 years with decent profits.
The borrowing has significantly reduced and fewer profits are now going in eating interests.
The company has significantly expanded its fixed assets and increased CWIP, which is still yet to be reflected in the price.
ROCE - 20.9 %
ROE - 19.1 %
Sales growth 3Years - 12.7 %
Profit Var 3Yrs - 11.8 %
KRBLa trend reversal shown in the sling shot system and follwing the ema's can go high upto tgt 260 and tgt 310
KRBL Rounding Bottom PatternRounding Bottom in downtrend is signal of reversal
Bullish above 245
Target : 276, 300
SL: 215
Risk is yours and Reward is yours totally
