This has morning star pattern in sideways trend for short term So definitely going to go up. Reason for buying
1) Morning star pattern
2) The bullish candle on 8th breaks the resistance level
3) RSI corssed 60 after long time
3) A squeeze is happening and so definitely the sideways trend is going to break
4) MACD line crossed signal line
5) Volimes are good on 8th...
The stock might be a considered as party fund stock, with a great return in 3-4 year. If ur a risk taker and thinking of having a great return in 3-4years then bet on this stock. The stock might reach level above 50Rs in the coming Years.
The stock is trading around 14Rs and it's magor resist is near 80, so one can buy for long on their own risk.
Vardhman Polytex Ltd. engages in the manufacture of yarns and garments. It includes cotton, cotton polyester and value added yarns. The company was founded on August 20, 1980 and is headquartered in Ludhiana, India.