HariOm Pipes - Bottoming out
A stock that's got capex come online and the management is extremely bullish about its prospects going ahead.
They say they'll do a topline of 1600cr this year and 2500 next financial year..
The chart seems to be showing a bottoming out pattern too with a positive divergence on the RSI.
Long and current price with another buy above 591 with a Stoploss below 545.
There will be a higher high plus trendline breakout above 600.
There can be another pyramid above 630 if and when the stock takes out the 200EMA.
They say they'll do a topline of 1600cr this year and 2500 next financial year..
The chart seems to be showing a bottoming out pattern too with a positive divergence on the RSI.
Long and current price with another buy above 591 with a Stoploss below 545.
There will be a higher high plus trendline breakout above 600.
There can be another pyramid above 630 if and when the stock takes out the 200EMA.
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