Target:- 150
Stop Loss:- 111
Duration:- 4 to 5 Weeks
The stock has already touch the support line and showing a bullish candle, which is an indication of upside move, so we can buy this at market order. This is basically parallel channel. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave.
Bodal Chemical which is a decent performer has completed its bottom and trying to comeup with a upside of 60% potential. The company is not very strong so it might take more time and would recommend less allocation.
BODAL CHEMICAL - CRUITAL LEVELS
Script is currently trading at cruital levels, medium term moving average (50) is just kissed longterm (200) moving average, any further correction may lead to breaking of long term support. This can make long term investor to exit. some level identified ( lvls in chart). Strickly no action if it goes below 70
