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Seems long way to go!
in the business of battery accessories, if there is EVM story in India, then one of the beneficiaries. will ride for Long drive!!
downside limited. 540 is my intermediate target!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS.
Pondy Oxide seems to have turned bullish. Support at 323, resistance at 383 and if it is crossed on closing basis and the stock remains upbeat, one may keep a target of 500 in intermediate ter.
On down trend but unlikely to go below 361 on closing basis. Intermediate target is 460 and above.
Go through the chart
Pondy Oxides & Chemicals Ltd
Technical : Retracement Target : 850
Fundamentals Good :
(Fundamental Medium Term Target 1400)
(Fundamental Long Term Target 1700)
1.Total (Mkt. Cap) : 354cr
2.Debt : 1.61cr
3. Stock PE : 12.64