RAMA PHORAMA PHOSPHATES is near it's triangle breakout and can deliver some outstanding returns.
Short term targets are 15-20%.
NOTE: I'm not a SEBI REG. Study before investing.
RAMAPHO
Rama Phasphates- Trading Near Upflag Breakout Rama Phosphates is engaged in manufacturing phosphatic fertilisers, viz., SSP, fortified fertilisers, namely boronated SSP, as well as sulphuric acid and its derivatives. It also has a soya oil division engaged in extraction of soya oil. RPL markets its fertilisers under the brands, ‘Suryaphool’ and ‘Girnar’ in the states of Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Gujarat, Uttar Pradesh and Haryana.
The company has a total production capacity of 1,56,100 MT of sulphuric acid, which
enables backward integration as sulphuric acid is used as raw material for production of SSP. Further, the company has cogeneration units where steam generated is used for generating power, which leads to savings in its power expenses. Spent sulphuric acid, a by-product from the LABSA plant, will be used as raw material for producing SSP, thus, reducing the cost of manufacturing for SSP. With the newly installed plant for sulphuric acid at Indore, the company would have excess steam that would be utilised for crushing seeds to extract oil from soya seeds.
Rama Phosphate box breakoutWatch out Rama Phospate above 353 DCB. Box breakout will make the stock go up till it's recent high. Already have broken the short term trendline
