Make or break price
1. Most volume dried up with bad quarterly result give no bright optimistic future for this chemical stock
2. Company invested in Capex , which is a good sign but wont see any near term profit for next 1-2 years.
3.If the trend line breakout come price can go Rs 320 which seems unlikely.
4.Consolidation stage expected for next few quarters.
5.Will update when taking fresh positions .
6.I expect price to go below or near 200 levels in upcoming months.
7. Multiple good and better stocks with much better anticipated results for swings will further
sway away investor interest .
2. Company invested in Capex , which is a good sign but wont see any near term profit for next 1-2 years.
3.If the trend line breakout come price can go Rs 320 which seems unlikely.
4.Consolidation stage expected for next few quarters.
5.Will update when taking fresh positions .
6.I expect price to go below or near 200 levels in upcoming months.
7. Multiple good and better stocks with much better anticipated results for swings will further
sway away investor interest .
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