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SPLPETRO

Formation of the second shoulder in the Inverted H&STo dot miss the next idea Follow Us Supreme Petrochem Limited manufactures and sells polystyrene, expandable polystyrene, masterbatches and compounds of styrenics and other polymers, and extruded polystyrene insulation board in India and internationally. The company has a high return on equity (ROE) of 18.38% and return on capital employed (ROCE) of 23.94% Strong Balance sheet Recorded growth in foreign institutional investor (FII) ownership Management plans to increase export share from 9% to 14% Capacity utilisation is expected to exceed 80% by the end of the year Start-up of ABS plastics production may open up new opportunities in the long term We are waiting for the end of the technical correction, the completion of the right shoulder in the inverted head and shoulders figure. price target 850
NSE:SPLPETROLong
by A3MInvestments
SPLPETRO : #SPLPETRO #swingtrade #patterntrading SPLPETRO : Swing Trading >> Inverse H&S pattern visible >> Good Strength in Stock >> Volume Building up >> Risk Reward Favourable Swing Traders can lock profit at 10% and keep Trailing Please Boost, comment and follow us for more Learnings. Note : Markets are still Tricky and can go either ways so don't be over aggressive while choosing & planning your Trades, Calculate your Position sizing as per the Risk Reward you see and most importantly don't go all in Disc : Charts shared are for learning purpose only, not a Trade recommendation. Do your own research and consult your financial advisor before taking any position.
NSE:SPLPETROLong
by moneyfesttrading
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