Indo Rama Syn - 20 year breakout
Indorama Synthetic - CMP: Around 56
It has given a breakout of 20 years last year and has been doing well, and now it has retested the support level and bouncing back to the previous a couple of decade back
It has given a breakout from the falling channel pattern and looks interesting on the charts and it is a definite portfolio pick that can double your money
Full disclosure: I bought this stock around 53 this morning and I am not a sebi registered analyst, So take the trade understanding your risk. This is only basis technical analysis
Target 1: 68
Target 2: 80
Target 3: 102
You can keep a stop loss if the support breaks but it will be a big stop loss.
It has given a breakout of 20 years last year and has been doing well, and now it has retested the support level and bouncing back to the previous a couple of decade back
It has given a breakout from the falling channel pattern and looks interesting on the charts and it is a definite portfolio pick that can double your money
Full disclosure: I bought this stock around 53 this morning and I am not a sebi registered analyst, So take the trade understanding your risk. This is only basis technical analysis
Target 1: 68
Target 2: 80
Target 3: 102
You can keep a stop loss if the support breaks but it will be a big stop loss.
Penafian
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