GUJALKALI Strong Upsidee Ahead
GUJALKALI: @ 407
Technically:
#1 Harmonic BULLISH BAT formation.
#2 traded at Fib Retracement 0.618
#3 Technical Parameters Favours to LONG.
Fundamentally:
The industry has witnessed accommodative and bracing policy initiatives including amicable FDI
regulation (100% through direct route), reduction in excise duty from 14% to 10%, increasing share in
planned expenditure budget and stronger anti-dumping laws.
As a result, the chemical industry has
been sharing 4%+ in the total FDI in the country.
GST impact: Under the GST regime, the chemicals sector has been included in 18% bracket versus
the effective tax rate of 24-26% earlier, a major push for the sector.
Also the logistics cost for the chemical industry is set to fall by 10 -11% post the implementation of GST.
TGTs & Accumulation Levels Plotted in Chart.
Study Purpose Only.
PS: Please Like/share & keep motivated, If you like Ideas/Analysis.
Technically:
#1 Harmonic BULLISH BAT formation.
#2 traded at Fib Retracement 0.618
#3 Technical Parameters Favours to LONG.
Fundamentally:
The industry has witnessed accommodative and bracing policy initiatives including amicable FDI
regulation (100% through direct route), reduction in excise duty from 14% to 10%, increasing share in
planned expenditure budget and stronger anti-dumping laws.
As a result, the chemical industry has
been sharing 4%+ in the total FDI in the country.
GST impact: Under the GST regime, the chemicals sector has been included in 18% bracket versus
the effective tax rate of 24-26% earlier, a major push for the sector.
Also the logistics cost for the chemical industry is set to fall by 10 -11% post the implementation of GST.
TGTs & Accumulation Levels Plotted in Chart.
Study Purpose Only.
PS: Please Like/share & keep motivated, If you like Ideas/Analysis.
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.