Paushak Ltd. Positional/Long Term

Paushak Ltd. is one of the India's largest phosgene based products manufacturer. Currently it is forming a falling wedge. A break above the wedge can be traded for a target of range 7330 to 7550.

Equitybulls.com states, "Paushak Limited has received approval to its application for amendment in Industrial License from the Department for Promotion of Industrial & Internal Trade, Ministry of Commerce & Industry vide its communication dated 3rd August, 2020 for expansion of licensed manufacturing capacity at its existing manufacturing facilities located at Panelav, Gujarat.

With this approval, the company has announced expansion of licensed manufacturing capacity for the product Phosgene from 4,800 MT per annum to 14,400 MT per annum and graded capacity for its other phosgene based derivatives."

I personally hold Paushak ltd.

Make sure to trade what happens and not what you expect :)

Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)


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