Hi Satish,
Anything that I am am abt to say should not be misconstrued in any other way but as a friend helping out.I had stayed out of the discussion but realise that sometimes keeping silent may be more wrong than right.
My take on KRBL.
Few things......the weekly trend is clear.KRBL has broken below the previous pivot lows.Clear cut.KRBL is in a primary downtrend.This current rally is just that.......a rally within a downtrend.Not an uptrend.KRBL needs to do much more,maybe a long sideways move from here,or a further dump.Now,as you said,if you get a higher pivot low here,expect an intermediate uptrend,but matter of time before the primary downtrend weakness sets in,and then time to expect lower prices.
If you want to play the intermediate to long term,make sure that the primary trends are in an uptrend,and buy the intermediate downtrends...........once the stock gets into a longer term downtrend,not worth putting your funds into that stock.
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Still forming a higher pivot low.......you may even get a short term to an intermed term up move.If you are a short term trader,Great.....If you are a longer term player,and looking for KRBL to make new highs,CAREFUL,my friend.Not saying that it definitely cannot......anything is possible in the markets.But unlikely from here......
If you are a long term investor,and do not mind a further dump to lower levels,then nothing to worry........or else,be very careful.
Weekly chart of KRBL attached
All the best!
Saint
Anything that I am am abt to say should not be misconstrued in any other way but as a friend helping out.I had stayed out of the discussion but realise that sometimes keeping silent may be more wrong than right.
My take on KRBL.
My first is KRBL Limited.
Basics : Stable and consistent growth. Check out the weekly charts.
Other Points : Good to moderate volumes last 5 weeks.
Weekly Trend : Not clear. Downtrend is in Question. Good Rally towards the 128 areas. Up trend confirmed if rally breakout on the resistance at 150 levels. Uptrend here can be identified if a new pivot low is made above the current pivot low at 78.83. Am I right so far? Saint if you are reading this please don't kill me if I am so gross.
Basics : Stable and consistent growth. Check out the weekly charts.
Other Points : Good to moderate volumes last 5 weeks.
Weekly Trend : Not clear. Downtrend is in Question. Good Rally towards the 128 areas. Up trend confirmed if rally breakout on the resistance at 150 levels. Uptrend here can be identified if a new pivot low is made above the current pivot low at 78.83. Am I right so far? Saint if you are reading this please don't kill me if I am so gross.
If you want to play the intermediate to long term,make sure that the primary trends are in an uptrend,and buy the intermediate downtrends...........once the stock gets into a longer term downtrend,not worth putting your funds into that stock.
Daily Trend : UpTrend. Higher pivot lows and highs clearly visible. There are two buying opportunities identified using Green Arrows. The first one because it has taken out the previous bar's high. The second opportunity is a repetition of the previous opportunity except that the bullish candle has taken out the previous high in the first instance. Please can someone comment on my trendlines/support and resistance and let me know if my support and resistance identification is correct and also my trendlines
Still forming a higher pivot low.......you may even get a short term to an intermed term up move.If you are a short term trader,Great.....If you are a longer term player,and looking for KRBL to make new highs,CAREFUL,my friend.Not saying that it definitely cannot......anything is possible in the markets.But unlikely from here......
If you are a long term investor,and do not mind a further dump to lower levels,then nothing to worry........or else,be very careful.
Weekly chart of KRBL attached
All the best!
Saint
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