If stock closed in 298 then new investor are sure coming for new position . Today stock breakout major resistance trendline . form opening to today this trenline which are show in chart . also you check the volume .
Current situation is that stock is in the acummulation distribution zone . May be Distribution is over & this is the accumulation zone therefore , stock is goe's on sideway zone for prepare for upside . But then be all ways be alert.
If you want to invest your money definitely you can see the post.
In my opinion, this stock will go to upside but before invest your money in this stock, You have to follow the Stop- Loss.
Ipl clear breakout but it's will confirm if it's touch 333 . And it's will become very strong if it's cross 343 . Let's keep eye's on it. Fundamentals are very good. Strong balance sheet and good r&d driven product profile.
India Pesticides Limited manufactures agro-chemical products. It diversified into manufacturing herbicide and fungicide technical and active pharmaceutical ingredients. The company was founded in 1984 and is headquartered in Lucknow, India.