Bodal chemicals has formed a flag pattern. The stock can be bought now with the stop loss of 160 and target of around 225 or higher. One can also wait for flag breakout for confirmation to preserve the capital.
Trendline break out coincide with 50sma break out on back of good volume .
Bodal Chemical can be bought with a SL of 169 and Targets of 200,222 .
Bodal- positive reversal on daily Chart on RSI 40 levels Buy around 164-162 Sl 156 tgt 175+
Stock is consolidating near break out retest level. 150-145 zone for accumulation for 180-200 sl 124
This one is in my portfolio for long term investment. Holding Bodalchem since 128 levels, it has failed multiple times to cross 136-137 level. Seems today it may close above this .
In Dye & Pigments segment, scrip is doing well fundamentally. Reduced debt, higher turnover, good margins, reasonable book value, back in dividends, liquid volumes, it promises to go above 165 in few months timeframe. Technically, it seems corrected, given a price and volume breakout on 06-03-2017, poised above MAs, enticing to enter and hold with patience. Keep...
Bodal Chemicals settled into a rectangular channel after breaking out of 96 levels. Today it has given a strong upside breakout out of this channel with good volumes. Looks good for making new highs. All corrections towards 120 levels can be used to accumulate.
Bodal Chemicals has broken out after a brief consolidation today with decent volumes. Looks set for higher levels in uncharted territories