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PAUSHAK LTD.PAUSHAK LTD.PAUSHAK LTD.

PAUSHAK LTD.

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PAUSHAKLTD trade ideas

Paushak - Fresh strengthOne of the few stocks which can't have much competition in India coz its a super high polluting industry and new licences are not given out. Fresh capacity expansions are coming online now. The has been moving beautifully within the channel. Bounced right off the channel bottom and now could break out of a wedge. Long above 100050 and further above 10300. Expansions are coming online + some top mutual funds are discussing the stock on tele so will have the interest of the people. Might do a detailed post on this co over the weekend.
BSE:PAUSHAKLTD
by rdkriplani
Paushak Ltd. Positional/Long TermPaushak Ltd. is one of the India's largest phosgene based products manufacturer. Currently it is forming a falling wedge. A break above the wedge can be traded for a target of range 7330 to 7550. Equitybulls.com states, "Paushak Limited has received approval to its application for amendment in Industrial License from the Department for Promotion of Industrial & Internal Trade, Ministry of Commerce & Industry vide its communication dated 3rd August, 2020 for expansion of licensed manufacturing capacity at its existing manufacturing facilities located at Panelav, Gujarat. With this approval, the company has announced expansion of licensed manufacturing capacity for the product Phosgene from 4,800 MT per annum to 14,400 MT per annum and graded capacity for its other phosgene based derivatives." I personally hold Paushak ltd. Make sure to trade what happens and not what you expect :) Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
BSE:PAUSHAKLTDLong
by dakshjain76