VijayBabuA

Looks like Triangle breakout in Meghmani

Education
NSE:MEGH   MEGHMANI ORGANICS
If NIFTY supports MEGHMANI ORGANICS may break triangle upside and if it sustains above 200DMA, we can go for long. 200DMA slope is also upwards. had a good opportunity for specialty chemicals, however Dec-19 results shows decreased revenue and profit.

FII decreased stake.
PE is attractive at 4
PB is attractive at 1.1
looks like valuations are attractive.
check out year end results and decide whether invest or avoid.
Aarti industries has been good in this sector.

Comments