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Published on 26/11/2020 12:58:41 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy KRBL Ltd For Target Rs. 275 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #KRBL Ltd #Consumer Goods Sector #HDFC Securities #Trading Report

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Momentum Pick - Buy KRBL Ltd For Target Rs. 275HDFC Securities

Observations:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance. The short-term trend has turned positive.

We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication. The overall chart pattern of stock a long trading opportunity.

One may look to create long trading position as per the levels mentioned above.

Buy KRBL Ltd @ 258 TGT 275 SL 253

 


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