ADVANCED ENZYME TECHNOLOGIES L BSE:​ADVENZYMES

Buying Advanced enzymes for positional for the targets of 323 and 360. Add on dips upto 270 - 265.

All levels mentioned on the chart

channel trading

The Stock is possibly moving upward with a long above 312 for a T1 of 345 and T2 of 356 and stoploss of 280.

It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up. Target 1: 280 Target 2: 320 Stoploss: 245

Fundamentals- 1)A very attractive company in the niche space of biotechnology and enzymes. 2)Company has been growing on 10% rate. 3)numbers like Operating profit, net sales are doubling YoY @>15% 4)It is a NIche player in niche space and hence will enjoy less competition and more growth Technicals- 1)Stock ihas been split recently from the levels of 2200 to...