Expansion In Chemical Sector Will Boost This Company
✅Gujarat Fluorochem is showing strong support around the 100 EMA at 3047. The stock has been consolidating within a descending triangle pattern for the past few months, which it is now attempting to break out from. If the stock can sustain above the 3265 level, it could see a significant upward movement toward 4500.
✅Company recently expanded its product line in the specialty chemicals segment, which is expected to boost its revenue. Additionally, the company reported a 12% increase in its quarterly profits as of June 2024, driven by higher demand in both domestic and international markets. This strong financial performance supports the technical breakout scenario.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.