Having crossed 1/2 ascending angle on closing basis today, the stock has turned bullish. The support is at 3692 for tomorrow and intermediate term target is 4250 or higher , if the momentum is maintained.
Extremely bullish chart in the long term presently consolidating and in down trend. It may find support at 4600 which can be a good entry point for an intermediate term target of say, 6600.
Bharat Rasayan Limited is an India-based company engaged in manufacturing of pesticides-technical, formulations and its intermediates. The Company primarily offers Metaphenoxy Benzaldehyde. The Company's products are Insecticides, which include Acetamiprid, Bifenthrin, Chlorpyrifos, Cypermethrin, Imidacloprid, Permethrin and Thiamethoxam; Herbicides, which include Clodinafop Propargyl, Cloquintocet Mexyl (Safener), Diuron and Metsulfuron Methyl; Fungicides, which include Tricyclazole and Myclobutanil; Acaricide, which include Fenpyroximate, and Intermediates, which include Meta Phenoxy Benzaldehyde and Para Chloro Benzyl Cyanide. The Company's plants are located at Rohtak, Haryana and Bharuch, Gujarat. The Company's plant at Haryana, has a capacity of 5,000 metric tons (MT) per annum and also facilities for bulk packaging of formulations.
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BHARATRAS
