Date 7th Mar 2024
Chemfab shown breakout with gap opening from significant resistance last week.
Target was already decided with breakout, and now I am giving actual call to buy it after rejecting sellers pressure.
Thank You!
📈 Stock Name - Chemfab Alkalis Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 633.
🚨Disclaimer: This is not a Buy or Sell...
✔️CHEMFAB🤍LAUNCH SOON
🤍 INTERESTING FACTS
🔹Stock in a multi year resistance zone.
🔹Interestingly increasing volume.
🔹Attractive Q3 result.
🔹Company has reduced debt.
🔹Company is almost debt free.
🔹Stock is trading at 1.11 times its book value.
🔹Company is expected to give good quarter.
ABOUT THE COMPANY✔️
Chemfab Alkalis is engaged in the...
