30% upside potential in CHEMPLASTS

Dec 29, 2023

As the chemical industry experiences a resurgence, CHEMPLASTS has emerged as a stock garnering significant attention from mutual funds. Non-institutional holdings have decreased from 10.93% to 6.48%, while the stock has shown relatively modest returns. Currently, a Cup with Handle (CWH) pattern is taking shape, with its neckline undergoing testing. This stage suggests a potential 30% upside from the current position.