A small retracement from overbought region stopped by a morning star pattern at a good zone (Low of the hammer wick previously) Also RSI bullish divergence could be possible for more upside move. A random target with a stoploss offers very fine risk reward ratio. Can go long after the breakout of the previous candle high.
2 possible entries with the same targets. Take whichever triggers first
Fairchem Organics has an operating revenue of Rs. 396.57 Cr. on a trailing 12-month basis. Pre-tax margin of 14% is healthy, ROE of 25% is exceptional. The company has a reasonable debt to equity of 15%, which signals a healthy balance sheet.