It is in the business of manufacturing of toners for domestic and export market. Market Cap₹ 394 Cr. ROCE 19.5% InstHold 0.03% Growth 3 years :- Sales 20% PAT 31% 6 Years Rounding Bottom Breakout. Will National Education Policy 2020 be the Tigger?
Indtoner weekly chart cup and handle b/o looks good for all time high stop loss can be placed near 200 Rsi looks bullish and Adx above 25+
Indian toners & developers CMP:183 sl:150(wcb) target: 210/255/330....slow mover but high probability of reaching the target Note: educational post
if one wish to take a risk on own o after confirm b.o. only on long side longterm .. observe for learning only.. risky..decide on own after confirming funda technical.
* After Long consolidation Breakout with high volume in weekly chart and made a Marubazu Candlestick pattern .
I'll be coming with more analysis... Share Your view on the stock? Note this stock is understudy.