The company is breaking out of 4 years of consolidation from Oct 16 and broke out with good close on weekly charts above the trendline.
The Mcap of the company is 706 cr and is into Dyes & pigments product. The company is net cash and good ROE of 17%
The company looks good for a trend change on wider time frame and should continue the trend further. The CMP is 161, the stock can be added at CMP and in case of dips upto 136
The SL is 136 on daily closing basis i.e 15%. Add as per your risk appetite. The upside target is open as the stock doesn't have any resistance.
Holding period 3/4 Months.
SUPERB PROFIT EARNED FROM YOUR END.. THANKS SIR
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