#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.