Bottom Pick Stock.
Sharda Cropchem is principally engaged in export of agrochemicals and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.
Fundamental:-
Dividend giving stock.
Good ROCE & ROE.
Stock PE is near industry PE.
Debt is less than reserves.
Almost Debt Free.
Promoters holding is good & No promoters pledged.
Technical:-
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Supports are marked as green horizontal lines at 300 - 255 - 200 - 102
Disregarding 102 level - its covid low.
Price is below 200 EMA on Weekly chart. (White)
RSI Resistance trendline is marked in Pink colour shows multiple rejections & dip.
Price rejected and fell from Resistance trendline.
Volume is decreasing which indicates decreasing interest in this stock.
Levels:-
Buy 300 - 255 -200
Stoploss 165
Target 500 - 700
Long Term 1000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Sharda Cropchem is principally engaged in export of agrochemicals and non-agro products such as conveyor belts, rubber belts/sheets, dyes and dye intermediates to various countries across the world.
Fundamental:-
Dividend giving stock.
Good ROCE & ROE.
Stock PE is near industry PE.
Debt is less than reserves.
Almost Debt Free.
Promoters holding is good & No promoters pledged.
Technical:-
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Supports are marked as green horizontal lines at 300 - 255 - 200 - 102
Disregarding 102 level - its covid low.
Price is below 200 EMA on Weekly chart. (White)
RSI Resistance trendline is marked in Pink colour shows multiple rejections & dip.
Price rejected and fell from Resistance trendline.
Volume is decreasing which indicates decreasing interest in this stock.
Levels:-
Buy 300 - 255 -200
Stoploss 165
Target 500 - 700
Long Term 1000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.