Kiri Industries looks to have completed its correction and resuming the primary trend i.e. UP. It is breaking a downward trend line on the daily chart. RSI bouncing from the oversold area.
Buy with a Target of 575 and 590
Kiri Industries Limited is an India-based holding company. The Company is engaged in manufacturing dyes, intermediaries and basic chemicals. The Company offers a range of reactive dyes, which include Kiractive P dyes, Kiraol VS dyes, Kiractive HE dyes, Kiractive ME dyes, Kirazol KR/KX dyes and Kiractive KF dyes. The Company also offers acid dyes and direct dyes. It produces Direct Black 22 powder, as well as liquid form under direct dyes category. Its other direct dyes are under development. Its acid dyes include Acid Black 210, Acid Black 194, Acid Blue 193, Acid green 104, Acid violet 90, Acid Red 357, Acid Red 362 and Acid Orange 142. The Company's intermediates include Sulpho J.acid, Sulpho Tobias acid, PNTOSA and SULPHO GAMA ACID. The Company's basic chemicals include Sulphuric ACID 98%, Spent Sulphuric Acid, OLEUM 65%, OLUME 23% and Chloro Sulphonic ACID. Its plants are located at Vadodara, Gujarat. The Company operates in over 50 countries across approximately seven continents.
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KIRIINDUS
