Prima plastics is currently consolidating, It is very well placed in a monthly upward channel Posted fantastic results and trading at very low PE Expecting tgt close to 230 in few months Buy above 171 stop loss 143 on day close basis
CHART IS SELF EXPLANATORY. WE ARE LOOKING AT A ROUNDING BOTTOM PATTERN AND LOOKS GOOD TECHNICALLY FOR UPTO 100 PERCENT GAINS!!
Prima Plastics, a competitor of Nilkamal Ltd. with 4 plants in India and 3 abroad has notched a 48% higher FY21 EPS of Rs 13.6 that could rise to Rs 18 in FY22. can deliver 30- 40% gain
Prima Plastic BO and Retest Sucsseful levels on chart
Prima plastics posted yet another tepid set of numbers. It could test 70s and if 70s is broken, then it would go further down where it will find the support at 50s. Marked the support channel.
The stock has been consolidating after a downtrend and is forming an IHS pattern. The stock might soon breakout above the neckline
Its long term trend is quite bullish. In weekly, it just bounced from a trend line support. Also lower BB is moving up, and price bounced from lower BB. with a sl below the trend line support, one may aim for 305 as 1st tgt.