1. Chemical sector started doing well recently after ease of pressure on raw material supply.
2. Stock is forming positive RSI divergence on daily charts.
3. Volumes are high on green days and low volumes on pull back. Indicates buying interest.
4. Forming box. Which shows consolidation.
5. Promoters have bought stock around same level.
One can go long after breakout of box with first target of 700. SL: 575 DCB.
JUBLINGREA
2. Stock is forming positive RSI divergence on daily charts.
3. Volumes are high on green days and low volumes on pull back. Indicates buying interest.
4. Forming box. Which shows consolidation.
5. Promoters have bought stock around same level.
One can go long after breakout of box with first target of 700. SL: 575 DCB.
JUBLINGREA