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Manabala
Dec 29, 2023 9:36 AM

30% upside potential in CHEMPLASTS Long

CHEMPLAST SANMAR LTDNSE

Description

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.
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