RELCHEMQ : VCP Breakout#RELCHEMQ #vcppattern #breakout #stocksinfocus
RELCHEMQ : Swing Trade
>> VCP Breakout
>> Good Trending Setup
>> Good strength & Volumes
>> Low Risk, High Reward Trade
Swing Traders can lock 10% profit & keep trailing
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0.88%
11.40INR
124.192MINR
3.592BINR
About RELIANCE CHEMOTEX IND LTD
Sector
Industry
CEO
Sanjiv Shroff
Website
Headquarters
Udaipur
Employees (FY)
1.841K
Founded
1977
ISIN
INE750D01016
Reliance Chemotex Industries Ltd. engages in the manufacture, marketing, and sales of synthetic blended yarn. Its product category includes industrial, apparel, and home furnishing yarns. The firm offers products such as artificial silk carpets, conveyor belts, raised and flat upholstery, medical aids, suiting, and ecru polyester yarn for automotive applications. The company was founded by Shanker Lal Shroff on August 23, 1977 and is headquartered in Udaipur, India.
RELCHEMQ breakout zone retest and bounce now???NSE:RELCHEMQ BSE:RELCHEMQ
Time Frame – Monthly
Observations : -
* After breakout of 13 years trendline price move one side.
* After that price fall to earlier trendline and took support and gave good bounce.
* Price also bounce from fibbo 61.8% & 50% zone and now trading above this zone.
*
RELCHEM : A study of move it DoneJust see how relchem stock almost 10-15 year consolidation ..
triangle pattern b.o. and how fast it done expected immediate level on upside.
it may (or it may not ) go further.
but one may learn so posted for learning only..
can abcindia logistic also do same fast move ..
same very old 10-15 years
RELIANCE CHEMOTEX INDUSTRIES LTD. Buy for Long TermOn Radar
RELIANCE CHEMOTEX (503162)
Cmp 73.20
👉 Reliance chemotex has posted Phenomenal growth in topline and bottom line
👉 Promoters have increased stake to 72.65% from 50.43% by subscribing to right issue which shows immense confidence in the business.
👉 Its net long term debt to equity is at
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