rk10

Himadri Speciality - Potential Bottoming out candidate

NSE:HSCL   HIMADRI SPECIALITY
With new capacities in carbon black coming online which can be used by tyre manufacturers and some of India's top type players coming up with new capacities this stock could potential start to consolidate at these levels before moving up.

Wait for a confirmation candle next week, if its a green one it could confirm the bottoming out. I would buy it on an SIP basis.

View negates below 49.

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.