ROSSARI BIOTECH: BUY WITH A TARGET OF 1600

ROSSARI BIOTECH looks good on the charts. About to hit a long term trend which has been a very strong suuport for the stock earlier. Fundamentally, the stock is pretty good and is making it's highest ever profits. With an ROCE=28% AND ROE=23%, it certainly is one of the best among it's peers. Good growth as well. I don't see any reason why it should not regain it's previous high level after attaining a support at the trend. Moreover, this area has previously been a resistance, represented by the horizontal line on the chart. Go for it, like and share if you like the idea. You can comment if you disagree, happy to hear out if your opinion differs. Thank you!