NSE:POLYPLEX is Bullish in long term. Watch out for Rs1650 level rejection. The 1600-1700 level can act as resistance so if a decent correction takes place. this stock can be added for next BIG moves.
Short term target: Rs1600
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Bullish flag formation in polyplex with MACD line crossing over Signal line. It's a buy call from me, with a short term target of 800 and a long term target of 1000. you can put an SL at the support that is 644.
Polyplex Monthly chart
Company has Good fundamental
In sideby since 2017, trading inside mother channel.
Good to notice it has not fallen much as compared to other small caps stock in the previous years (2017 - 18) bear market.
On monthly chart RSI BO is seen.
Will this give price breakout for new highs?