Stock Name - Hindcon Chemicals Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 109 #This is not Buy and Sell recommendation to any one. This is for education...
1. Horizontal channel top resistance & All time high Broke out with high volume & strong closing. 2. Other chemical & cement stocks are doing well.
a good micro company that is trading under values...anytime the value unlocking can be happened. consistantly making 1cr above profit with increating sales...that will move this stock for sure.
Seems like a Good Buy. Because it has been testing the 0.5 Retracement level since last 5 weeks. And the financial performance of the company is also good. We can witness a good bounce in the times to come. CHART & ANALYSIS BY ADARSH KUMAR DEY