OBSERVATIONS ARE GIVEN IN THE CHART.
CHART SUGGESTS THAT THE PRICE MAY MOVE BEYOND 20. STOP LOSS MENTIONED IN THE CHART. LARGE CAP AND MSCI AND DHFL RESOLUTION AND WHAT ELSE...??
TARGET LEVELS ARE MENTIONED IN THE CHART. PICK YOUR CHOICE.
TARGET IS SEEN @ 79. I REMEMBER THE STORY OF THE CAP SELLER AND THE MONKEYS ON THE TREE. DO THEY WANT SMALL INVESTORS TO SIMILARLY FOLLOW AND SELL? DECISION IS YOURS.
THE CAUSTIC SODA CONSUMPTION IS GOOD AND THE Q3 RESULTS ARE EXPECTED TO BE GOOD. STOPLOSS AS PER YOUR RISK APPETITE.
PLEASE SEE THE COMMENTS, MENTIONED IN THE CHART. BUT, LONG TERM PROSPECTS ARE GOOD FOR THE COMPANY. IT SEEMS THAT ONE OF THE MAIN COMPETITORS (PARACETAMOL) IN US HAD APPLIED FOR BANKRUPTCY.
WAIT FOR TRADING ABOVE 508 AND THEN ENTER
ONE CAN SEE THE ACCUMULATION IN THE BAND, SHOWN IN THE CHART. READYING FOR A BREAK OUT.
THE NEWS SHOULD BE +VE. AS POSTED EARLIER, REACHED THE NECK LINE 15.55.
HAS GOOD SUPPORT AT 1450 LEVELS.
KEEP STOP LOSS AT YOUR RISK LEVEL.
CHART IS POSTED WITH THE OBSERVATIONS. THE VIEWS ARE FOR MEDIUM TO LONG TERM.
TIME FRAME IS SEEN TO BE 3-4 MONTHS. MAYBE SPECTRUM SALE, FUNDS ARRANGEMENT AND OTHER TERMS CLARITY WILL GIVE THE NECESSARY STIMULUS.
LEVELS ARE MENTIONED IN THE CHART.
IF ONE CONSIDERS SHORT TERM TAX OF 15% ALSO, I FEEL IT IS WORTH FOR. AS THE FUNDAMENTALS ARE GOOD ENOUGH TO SUPPORT PRICE OF ATLEAST 560 XD. PLEASE COMMENT. AS FAR AS DELISTING (IF ANY) OF THE BUSINESS, IT MAY NOT BE IN THE NEAR FUTURE.