INTERARCH BULDING SOLUTIONS BUILDING SOME STRONG MOMENTUM

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The stock stayed resilient during the bear run and did not fall much . It consolidated strongly during that phase and formed a cup and handle pattern of which the company has given a breakout . The stock is high on momentum and can give steady returns . However it can give a quick retest till 1876 - 1859 can be a crucial support range but nevertheless the company is solid and has absolutely amazing fundamentals.

Profits , sales , reserves , eps all are at the lifetime high for the company . ROCE and ROE stands at 23% ad 18% .
The firm has negligible debt but high PE .

Target - 2392 1-2 months
Support- 1859

Penafian

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