#KRN
Fundamentals:
* ROCE - 42.01%, ROE - 41.9%. Debt to Equity - 0.11
* EPS / Revenue - has been steadily increasing
* FIIs - Reduced stake
* Mutual Funds / DIIs - Reduced stake
* Promoter - Reduced stake however holding strong
* Retail holders have increased
Technicals:
* Price is forming a tight action and emerging from a cup formation
* Volumes had declined while consolidating and with up move are now showing signs of increase
* RVOL and ADR is great and spiking
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 9.7% and indicating up move
* Low risk entry
* Weekly chart shows clear signs of consolidation
Going by the holding patterns, this stock appears a little shaky. However, the fundamentals appear good.
I would prefer this to be an extend positional play and I will start off by adding some small quantity.
I am expecting some drop followed by up move. I would like to see some institutional addition / interest and I will add more.
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
* ROCE - 42.01%, ROE - 41.9%. Debt to Equity - 0.11
* EPS / Revenue - has been steadily increasing
* FIIs - Reduced stake
* Mutual Funds / DIIs - Reduced stake
* Promoter - Reduced stake however holding strong
* Retail holders have increased
Technicals:
* Price is forming a tight action and emerging from a cup formation
* Volumes had declined while consolidating and with up move are now showing signs of increase
* RVOL and ADR is great and spiking
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 9.7% and indicating up move
* Low risk entry
* Weekly chart shows clear signs of consolidation
Going by the holding patterns, this stock appears a little shaky. However, the fundamentals appear good.
I would prefer this to be an extend positional play and I will start off by adding some small quantity.
I am expecting some drop followed by up move. I would like to see some institutional addition / interest and I will add more.
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.