BUY - KOTHARI PETROCHEMICALS
CMP - Rs. 65
Target - 1: Rs. 95
Target - 2: Rs. 115
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Technicals - Bullish Navarro 200 Harmonic Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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From the left to the right you can see a year long 56% base which started topping out in April22. It took almost a year when the stock took support at 60 level and started its upward journey after consolidating for month and half. It has retraced back almost to 38% of fib.
As you can see what took a stock a year to correct 56% and it took only 3-4 months to...
This is follow-up on Kothari Petrochemicals. Can check link to related ideas.
Target 2 achieved. More than 60%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
triangle formation in this stock. As per information, this week might be good for chemical stocks. So might be a great opportunity for our treader if it gives a green candle in the upcoming session.
