I really liked the result of borosil renewable and their concall willl shed more light into if this kind of profit number is sustainable upto expansion which comes in 2022.
There are 2 scenerio's here.
1) If stock breakouts out its a simply buy above 278 with a 5% SL.
2) If the stock falls post its result like so many others have then we could look to buy the box bottom around 223 if it finds support there like it has on previous occasions.
This is surely a stock worth tracking on your watchlist because it produces a niche product, govt supporting it with anti-dumping duty + expansions every year from 2022 onwards.
There are 2 scenerio's here.
1) If stock breakouts out its a simply buy above 278 with a 5% SL.
2) If the stock falls post its result like so many others have then we could look to buy the box bottom around 223 if it finds support there like it has on previous occasions.
This is surely a stock worth tracking on your watchlist because it produces a niche product, govt supporting it with anti-dumping duty + expansions every year from 2022 onwards.