Ricefutures
NSE:KRBL Company website krblrice.com
World's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India
Also World's largest Basmati Rice exporter with channels in more than 82 countries
Lowest price to earning at 12, Market Cap: Rs. 5,700cr ( $ 750 million)
6% debt vis a vis peer companies debt @ 25%
Other brands- Doon, Nur Jahan, Indian Farm, Bemisal, Aarati, Unity, Lotus, Taj Mahal Tilla, Shubh Mangal, Necklace, Lion, Al Wisam, Train, Al Bustan, Telephone, Southern Girl, Alhussam, Blue Bird, City Palace
_________________________________
Fundamental change- Share has been muted for years, war escalates commodity prices, demand will only increase while countries face a supply crunch, agro sector stands to gain, just how metal sector is outperforming. Local target 580, but if hold long enough- 4 years, see a 5x return.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Drop
Resistance : 16.570
Pivot: 16.310
Support : 16.035
Preferred Case: On the H1, price is moving below the ichimoku cloud and within the descending channel which gives us a bearish bias that prices will drop to the pivot at 16.310 where the 78.6% fibonacci retracement, 61.8% fibonacci projection and swing low support are. Once there is downside confirmation that price has dropped to pivot , we would expect bearish momentum to carry prices to 1st support at 16.035 where the swing low support, 78.6% fibonacci projection and 61.8% fibonacci projection are.
Alternative scenario: Alternatively, price may rise to the 1st resistance level at 16.570 in line with the pullback resistance.
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum
Resistance : 16.715
Pivot: 16.570
Support : 16.105
Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.570 in line with the swing high resistance to the 1st support at 16.105 in line with the 61.8% fibonacci projection and swing low support.
Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.715 in line with the overlap resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement .
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum
Resistance : 16.990
Pivot: 16.725
Support : 16.125
Preferred Case: On the H1, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise to and drop from our pivot at 16.725 in line with the 38.2% fibonacci retracement and overlap resistance to the 1st support at 16.125 in line with the 161.8% fibonacci extension and swing low support.
Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.990 in line with the overlap resistance, 100% fibonacci projection and 50% fibonacci retracement .
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum
Resistance : 16.775
Pivot: 16.610
Support : 16.040
Preferred Case: On the H1, with price moving below the ichimoku indicator and price breaking the ascending trendline, we have a bearish bias that price will drop from our pivot at 16.610 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 16.040 in line with the 78.6% fibonacci retracement and swing low support.
Alternative scenario: Alternatively, price may break the pivot structure and rise to the 1st resistance at 16.775 in line with the overlap resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement .
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum
Resistance : 16.985
Pivot: 16.760
Support : 16.360
Preferred Case: On the H1, price is moving below the ichimoku cloud and has a bearish exit from the ascending channel which supports our bearish bias that when price drops to our pivot at 16.760 in line with swing low resistance, 61.8% fibonacci projection and 78.6% fibonacci projection, there will be a bearish momentum that price will drop to the 1st support at 16.375 in line with the swing low support and 100% fibonacci projection .
Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 16.985 in line with the pullback resistance.
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bearish MomentumType : Bearish Momentum
Resistance : 17.430
Pivot: 16.990
Support : 16.440
Preferred Case: On the H1, price is moving below the ichimoku cloud and has broken out from the ascending channel which supports our bearish bias that price will drop from our pivot at 16.990 in line with the pullback resistance and 78.6% fibonacci retracement to the 1st support at 16.440 in line with the swing low support, 127.2% fibonnaci extension and 100% fibonacci projection.
Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 17.430 in line with the pullback resistance.
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 17.980
Pivot: 17.430
Support : 16.990
Preferred Case: Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the overlap support and 23.6% fibonacci pullback to the 1st resistance at 17.980 in line with the 78.6% fibonacci projection and swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 16.990 in line with the swing low support and 78.6% fibonacci retracement.
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
RICE FUTURES (ZR1!), H1 Potential for Bullish RiseType : Bullish Rise
Resistance : 17.980
Pivot: 17.430
Support : 16.990
Preferred Case: Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the pullback support is to the 1st resistance at 17.980 in line with the 78.6% fibonacci projection and swing high resistance.
Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 16.990 in line with the swing low support.
Fundamentals: Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for rice.
COMMODITIES - RICE ZR1 - Breakout ImminentLine of Least Resistance determined by Underlying Conditions in my Global Macro Campaign.
Price Action Behavior suggests short attack taking advantage of sellers at previous breakout, to accumulate for next wave... which is building up quickly.
I will know if my suspicions are correct at the median line.
US-China tensions will make the supply scarce, and NATO + allies' free trade agreements are under pressure due to pandemic handling. I speculate a global shift towards domestic production, if not military tensions... Nations will most certainly need to stockpile food!
Other Commodities of interest:
Coffee:
Wheat:
Soybeans:
Corn:
GLHF
- DPT
ZR ! - Wow . Rice futuresWow, I can only imagine how high this is going to go up. Pandemic, supply chain issues, food shortages, economic, etc. Great hedge on fiat devaluation.
RICE FUTURES (ZR1!) Monthly, Weekly & DailyTrades made when the monthly, weekly and daily arrows are pointing in the same direction
are the most profitable.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
