KRBL DAILY TIME FRAME VOLUME AND SUPPLY DEMAND ZONEHere, in chart I have tried to explain the supply zone, where we observe a volume based Breakout. above this zone there is one major zone of 332 above which we may reach the final destination of 408-410.
KRBL is leading manufacturer in Basmati Rice (Famous name is India Gate Basmati Rice) after its competitor LT Foods (DAWAAT).
KRBL trade ideas
KRBL can climb..KRBL Ltd. operates as a holding company which engages in the export of rice miller and basmati rice. It operates through the following segments: Agro and Energy. The Agro segment supplies rice, Furfural, seed, bran and bran oil. The Energy segment comprises of power generation from wind turbine, husk based power plant and solar power plants.
KRBL Ltd. CMP is 300.65. The positive aspects of the company are Attractive Valuation (P.E. = 15.7), Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding and Rising Net Cash Flow and Cash from Operating activity. The Negative aspects of the company are MFs decreased their shareholding last quarter, De-growth in Revenue and Profit and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 308 Targets in the stock will be 328 and 348. The long-term target in the stock will be 358 and 372. Stop loss in the stock should be maintained at Closing below 288 or 264 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
World's leading basmati rice producer KRBL Ltd trend analysisPrice is moving inside cycle degree 5th wave of super cycle degree 3rd wave.
Good time to buy as price is at the initiation of sub wave 3 of 5th wave.
5th wave will end somewhere around 2150 level.
As per conventional technical analysis, price bounced from trendline support and price is showing strong bullish divergence with RSI on daily & weekly TF, signifying trend reversal.
PE expansion is highly likely with improved OPM in upcoming quarters, price is currently trading near June 2016 levels.
A nice 7X possibility is there in long term (2-2.5 years max).
Other targets are highlighted as per your investment horizon.
Do your own due diligence before taking any action.
Peace!!
KRBL is changing gears quickly. KRBL Ltd. operates as a holding company. The firm engages in the export of rice miller and basmati rice. It operates through the following segments: Agri and Energy. The Agri segment supplies rice, Furfural, seed, bran and bran oil. The Energy segment comprises of power generation from wind turbine, husk based power plant and solar power plants.
KRBL Ltd CMP 310.20. The positive aspects of the company are Company with Low Debt, Improving cash from operations annual, Zero promoter pledge, FIIs are increasing stake, MFs are increasing stake and Dividend Yield = 1.39%. The Negative aspects of the company are Declining annual net profit, Companies with weak financials and Stocks Underperforming their Industry Price Change in the Quarter.
Entry can be taken after closing above 314. Targets in the stock will be 356, 377 and 393. The long-term target in the stock will be 414, 446 and 472. Stop loss in the stock should be maintained at Closing below 258.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
buy at zone - swingENTRY
- line marked is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT - 0.5 ( preferred target )
2. SL
- candle close below (PRZ)
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
Double bottom on KRBLKRBL formed a double bottom with a strong bullish breakout. Can notice divergence on RSI when both bottom were tested signaling bullish momentum. Stop loss can be held just below previous swing low with first target on previous resistance point. Notice low volume when price was falling signaling dried up sellers.
If you think this idea is worth your time, please feel free to boost this idea. Otherwise happy trading :-)
KRBL1) Price had broken out from a contracting range formed from 2020 to 2023
2) Following that, a double bottom was formed above the earlier range
3) So expecting to consolidate and move up towards All Time High by completing U shape pattern
4) But keeping SL is tricky and required a minimum SL up to 10.5% and maximum of 21%
Please share if any other views for enlightening myself.
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
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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.