captvivekjain
Long

Bodal Chemicals will colour you blue all the way

NSE:BODALCHEM   BODAL CHEMICALS
40 1 4
In Dye & Pigments segment, scrip is doing well fundamentally. Reduced debt, higher turnover, good margins, reasonable book value, back in dividends, liquid volumes, it promises to go above 165 in few months timeframe.
Technically, it seems corrected, given a price and volume breakout on 06-03-2017, poised above MAs, enticing to enter and hold with patience.
Keep a stoploss of Rs             120 present price being Rs             133.
I am looking to go long on Bodal Chem on your advise.
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