Looks like Triangle breakout in Meghmani

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.


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