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Technical reasons :
Cup and handle formation on monthly time frame.
Keep and eye on 75-76 range breakout. (It will be breakout of handle)
Easy targets of 110-120 range expected. (May take some time)
Long term target can be 250-300 range as the bottom of Cup to upwards it's 400% +. But may tak years to come. Patience is key. ๐
Supply zone in 71-72 zone once those people will be bought into. It will burst.
Fundamental reasons:
India only supply 2% of the global rice and rice based Staples. There is a huge market share that can be grabbed.
Demand of food is only going to increase as population increases, future growth is obvious.
Happy trading/ Investing.