The cup and handle breakout with a strong volume suggests the market players to go long for a return of 90% with the reward:risk ratio as 6:1. Reasons for getting into this stock: Agri-business company manufacturing micro irrigation systems, PVC pipes, Renewable energy solutions with 6 decades of expertise. Inflation in the food prices result in the increased earnings of farmers. Expected good monsoon as suggested by IMD. #TradeTheTrend#smallcapstock
Thank you for the wonderful chart. But one request is to provide entry levels for this stock and also the intermediate targets also.. like 35, 40, 46++. Thank you for your patience and efforts
skklnsk
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@federalMagpie90736, Targets and Stop loss varies from person to person based on one's kind of investing. In this case, entry: 25-26, with a stop loss of 20-21(considering volatility of the stock) for a TGT of 36,42,50++
federalMagpie90736
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@skklnsk, Good entry levels. Thank you for the reply.
@hardik2000gupta, It would be a high risk,high reward stock. Go ahead only if you are an aggressive investor and can bear the volatility of this smallcap stock