Last tuesday made a break out and closed above resistance line and the last week it played by the copybook playing around the resistance line and weekly closing was above the resistance. If it manages to close above this resistance at around 300 in this week we may expect a target of 590- 600 by August end
If Kanchi is able to close above 468 on closing basis tomorrow and remains bullish for a couple of days above the 1/1 line, then intermediate term target will be around 950.
Kanchi Karpooram Ltd. engages in the manufacture and sale of camphor and allied products. It also offers camphene, dipentene, double distilled turpentine, ester gum, fortified rosin, gum rosin, isoborneol, isobornyl acetate, sodium acetate trihydrate, pine oil, pine pitch, and pine tar. The company was founded on January 31, 1992 and is headquartered in Chennai, India.
KANCHI
