Sharda cropchem has been consolidating near strong demand zone of 400-420. Stock has bounced from trendline which indicates confluence of support bounce Stock can reverse before budget as chemical stocks have shown strength. Low risk high reward trade. Stock has good fundamentals as well to hold for longer time horizon.
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What is your view now? entered at 420 now its fallings drastically from 450
tradewithamey_
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@vv988683 I agree it is kind of disappointing to see entire chemical sector bearish in such bull market. 375-385 is a strong demand zone. I would like to check the price action at that level before taking any decision