Volume not so great and fundas are also okay. but technical structure providing the clue that any down support at at 89 is a good buy opportunity. However, if it weekly closed below the 85 level is the stop loss. Now it is long build up zone. small qty at 120 level, 101 level till 89 level, one can accumulate and hold till 190 level as target. Qty should be 1% of total portfolio, as it is cyclical stock, if it breaks SL; generally it will take 3 to 5 years of time to pick it up. So SL is compulsory.
Since textile industry is booming, this may stock perform as the chart.
Since textile industry is booming, this may stock perform as the chart.