After struggling for a couple of months, KRBL has finally managed to close above its 200 DSMA. During the process, it has confirmed a range breakout along with a breakout from weekly ICHIMOKU resistance. We expect faster momentum on the upside from here on. Traders can buy the stock near the 260-mark with a stop loss of 250 for upside target of 275 in 1 – 2 weeks.
_______________________________________________________________________
Disclaimer: Mehul Kothari - AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views personal.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in