Carbor Univ has already completed extended M Pattern and now recovering from the same.
1. RSI is improving continuously 2. MACD also strengthening 3. Price are at a technical short term breakout 4. Fundamentally, giving growing results and also, CarborUniv GMBH acquired two german abrasives companies which has long record of quality business management and strong market presence in EMEA and USA. Through the newly acquired business' distribution network, CarborUniv is expecting to push their products into the established markets
Company is a part of Murugappa Group, one of the progressive groups of business.
Disc.: This is not a Buy Recommendation and I am not a SEBI Registered Investment Advisor. I may be invested in the studies that I present.
Komen
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During the market fall, it has respected it's previous lowest closing of 828.95 and started rising back from the same level to close at 835. Hence, it is still in a higher low position, further making a possible W shape recovery supported by heavy volumes.