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anuragAnand321
Oct 13, 2023 4:14 AM

DDEVPLASTIK looks good for swing trade Long

DDEV PLASTIKS INDUSTRIES LIMITBSE

Description

This particular stock has maintained a consistent uptrend pattern ever since its initial public offering (IPO). It not only boasts a commendable Return on Capital Employed (ROCE) percentage but is also nearly debt-free, which is a remarkable financial strength.

Recently, it exhibited a promising bullback and breakout, demonstrating its potential for substantial growth. Presently, the stock is retracing to what is often referred to as the 'demand zone,' a technical indicator that suggests a strong support level.

Given these strong fundamentals and the recent technical indicators, the stock appears to be an attractive investment opportunity at its current price.
Comments
prashantk_geo
ya, looks good for target 250, 260, current value = 207, good support base at 198 -202 zone, which can be used as a sl.
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