GUJALKALI: @ 407
Technically:
#1 Harmonic BULLISH BAT formation.
#2 traded at Fib Retracement 0.618
#3 Technical Parameters Favours to LONG.
Fundamentally:
The industry has witnessed accommodative and bracing policy initiatives including amicable FDI
regulation (100% through direct route), reduction in excise duty from 14% to 10%, increasing share in
planned expenditure budget and stronger anti-dumping laws.
As a result, the chemical industry has
been sharing 4%+ in the total FDI in the country.
GST impact: Under the GST regime, the chemicals sector has been included in 18% bracket versus
the effective tax rate of 24-26% earlier, a major push for the sector.
Also the logistics cost for the chemical industry is set to fall by 10 -11% post the implementation of GST.
TGTs & Accumulation Levels Plotted in Chart.
Study Purpose Only.
PS: Please Like/share & keep motivated, If you like Ideas/Analysis.
Technically:
#1 Harmonic BULLISH BAT formation.
#2 traded at Fib Retracement 0.618
#3 Technical Parameters Favours to LONG.
Fundamentally:
The industry has witnessed accommodative and bracing policy initiatives including amicable FDI
regulation (100% through direct route), reduction in excise duty from 14% to 10%, increasing share in
planned expenditure budget and stronger anti-dumping laws.
As a result, the chemical industry has
been sharing 4%+ in the total FDI in the country.
GST impact: Under the GST regime, the chemicals sector has been included in 18% bracket versus
the effective tax rate of 24-26% earlier, a major push for the sector.
Also the logistics cost for the chemical industry is set to fall by 10 -11% post the implementation of GST.
TGTs & Accumulation Levels Plotted in Chart.
Study Purpose Only.
PS: Please Like/share & keep motivated, If you like Ideas/Analysis.