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Knowablewisdom
Jan 17, 2023 10:57 AM

Rama Phosphate - Triple bottom Long

RAMA PHOSPHATES LTD.BSE

Description

India Fertilizer Stocks - Looks like a triple bottom made - breakout from resistance should give decent gains up to 500. SL at 340 -
Fundamental triggers -
As per global survey by Plimsoll, UK, it is reported that Rama Phosphates is the 24th fastest growing company out of 405 Global Fertilizer Manufacturers.
Exit from CDR
Large in-house production capacity for sulfuric acid which enables backward integration

Comment

Correction - SL at 240

Trade closed: stop reached

SL hit- Closing trade
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