#Watchlist
#CHEMFAB (W):- CMP 243.55 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
#Stocktowatch
✔️CHEMFAB🤍LAUNCH SOON
🤍 INTERESTING FACTS
🔹Stock in a multi year resistance zone.
🔹Interestingly increasing volume.
🔹Attractive Q3 result.
🔹Company has reduced debt.
🔹Company is almost debt free.
🔹Stock is trading at 1.11 times its book value.
🔹Company is expected to give good quarter.
ABOUT THE COMPANY✔️
Chemfab Alkalis is engaged in the...
- CHEMFAB is forming Ascending triangle pattern on daily charts.
- Triangle base line is holding pretty well.
- On breakout above the resistance zone, will look to get in for target 220.
Good R:R Here.
Chemfab Alkalis Ltd. engages in the manufacture of inorganic chemicals. The firm operates through following segments: Chlor alkali and PVC Pipes. It specializes in chlor alkali and related products and services such as Caustic Soda Lye in two grades, Liquid Chlorine, Hydrogen Gas, Hydrochloric Acid, and Sodium Hypochlorite. The company was founded by C. H. Krishnamurthi Rao on May 6, 2009 and is headquartered in Chennai, India.
NSE
