This Stock Is Ready To Start Mega Rally- Keep In Radar
SHALIMAR PAINTS
✅ The stock has faced challenges breaking through the 50 EMA, indicating a bearish trend in recent months. However, the stock has shown signs of a potential reversal with increased volume and momentum, suggesting it may soon test the 200 EMA. If it sustains above 160, further rally is expected, supported by an improving RSI and a bullish MACD crossover.
✅ Company is revitalizing its operations with a Rs 200 crore investment to modernize its plants and increase capacity from 6,000 to 26,000 kilolitres per month. This transformation is backed by strategic investments from Hella Infra Market, enhancing its market presence. The company is also expanding its product range and distribution network to meet rising demand in the construction sector, positioning itself for significant growth. Additionally, recent financial reports show a steady increase in revenue and a reduction in operational costs, which are positive indicators for future performance.
✅ The stock has faced challenges breaking through the 50 EMA, indicating a bearish trend in recent months. However, the stock has shown signs of a potential reversal with increased volume and momentum, suggesting it may soon test the 200 EMA. If it sustains above 160, further rally is expected, supported by an improving RSI and a bullish MACD crossover.
✅ Company is revitalizing its operations with a Rs 200 crore investment to modernize its plants and increase capacity from 6,000 to 26,000 kilolitres per month. This transformation is backed by strategic investments from Hella Infra Market, enhancing its market presence. The company is also expanding its product range and distribution network to meet rising demand in the construction sector, positioning itself for significant growth. Additionally, recent financial reports show a steady increase in revenue and a reduction in operational costs, which are positive indicators for future performance.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.