About the company -
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.
Technical Parameters
1- the price gave a Breakout of Accumulation Range
2- intensity of volume is good at the time of breakout (suggests strength)
3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation
4- Price formed Flag N Pole chart pattern.
5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs.
Trade Plan
-- we can enter at Current Market Price and add when stock give some dip.
-- safe traders can wait for a dip of 5-10%
-- Stop loss is mentioned in chart as around 211
-- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570.
Disclaimer-
I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment.
Thank you
KARAN DINGRA
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
The group is the leading player in India for the castor oil and castor-oil based derivative products. Group has over 5 decades of experience in castor industry.
Technical Parameters
1- the price gave a Breakout of Accumulation Range
2- intensity of volume is good at the time of breakout (suggests strength)
3- price looking to reach again at its all time high as monthly time frame suggests uptrend continuation
4- Price formed Flag N Pole chart pattern.
5- All the supporting indicators such as MACD, RSI, Bollinger Bands, are in good mood and suggestion longs.
Trade Plan
-- we can enter at Current Market Price and add when stock give some dip.
-- safe traders can wait for a dip of 5-10%
-- Stop loss is mentioned in chart as around 211
-- As there is a breakout of Flag N Pole Chart pattern, we can expect targets as the length of Pole which is around 550-570.
Disclaimer-
I am not SEBI registered. All the idea shared on this channel are for educational purpose. Consult your financial Advisor for any kind of investment.
Thank you
KARAN DINGRA
