Buy KIRIINDUSBuy KIRI INDUSTRIES above 525...Safe traders can go long above 533 or add around 510-515 levels.
Accumulate more around 500 - 507 levels.
SL 484
Targets: 565..610..675
Looks like run incoming!!
KIRIINDUS trade ideas
CUP & HANDLE BREAKOUT WITH VOLUMES as per chart looking good for swing, I am expecting targets of 560/580/600. Carry with SL of 504 on closing basis.
KIRIINDUS ON BREAKOUT! KIRIINDUS is Fighting to break the weekly Trendline. Keep this on your watchlist, and hope for breakout. Possible Intraday,Swing Trades above 632.
Kiri Inds-Poised for big rerating _Techno Fundamental Pick Kiri on weekly Charts has given a decisive breakout out of Multi-Year Pattern.
Things to be noted on the chart
1) Inverted H & S Breakout on exceptionally high volumes.
2) Weekly Bullish engulfing candle formed on charts this week.( Covert to candlestick and check)
Key events
1) Dystar case seems to be coming to its logical end. Singapore Supreme court final verdict on Dystar valuation and for Kiri's 7.57% stake probable by this month-end.
2) Current market-cap of Kiri is around 1800cr and the Court likely to conclude valuation for Kiri's stake in Dystar at about 350Mn USD (approx 2500cr)
and direct Senda to pay it to Kiri Industries in the stipulated period.
Fundamentals
1) Operating expense likely to reduce drastically as court case related expense would stop.
2) Stock seems undervalued at PE of 8 and for its 5yrs Avg PAT growth is in double digits, debt has been reduced, many other parameters supportive.
Disclaimer:
The above is for educational purposes.
I might be biased as I do hold a position and above data may have discrepancies.
Kiri Industries - Study - 50% upside Kiri industries is trading in a Range, Buy above 390 for the below target:
Target 1 - 439
Target 2 - 470
Target 3 - 559
Target 4 - 615
Keep stop loss at 351.
Buy Kiri inds on dipsAs seen the price is moving in tandem with Nifty Currently trading above the cloud and narrow range. Also trading above 50 and 200 EMA.
Kiri industries: Jump till 405 is possible (trend line break outit is good to buy on dips around 322-325 with SL around 298 for the TP of 404
KIRI Industries : Looks set to retest its previous highs ?Hourly charts : Looks set for a brakout above 382 levels. Volumes seem to be encouraging
Daily charts : Doji followed by a big white candle with good volumes.
Combining both of the above it looks set to retest its previous highs of 400 levels. 375 can be a SL.
