Auroma

INDIA GLYCO CMP: 453

NSE:INDIAGLYCO   INDIA GLYCOL
It has taken v.stong support at 396 and move ahead. Increasing delivery volume indicating a reversal of price from the bottom. RSI has turned from oversold range and MACD crossover will confirm the same. Expect a retracement target of 475, 500, 525 in the near term.

Comments

Hello sir. I think all the retracements are done and there was a resistance at 560lvls. Today it has broke that level too and closed above 560. So can we now expect a good upward from here? What would your stop loss be at this time and target?

I'm eager for this stock as I've been holding this since march @565. Was bullish on this as Glycols had merged with Clarient for it's ethonal plant.
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Auroma HARSHJAIN430
@HARSHJAIN430, Yes, we can expect more up move till 610. if sustains above 610, the stock price can move further.
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@Auroma, Thanks a lot for your guidance :)
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Hi. Could you please tell me what would be your take on Glycols in present scenario?
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Auroma HARSHJAIN430
@HARSHJAIN430, Right now it is resting near the retracement level of 477. If comes down then 450 will be a good entry-level.
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