helladays1

Bullish Stock

Long
NSE:TIRUMALCHM   THIRUMALAI CHEM
TIRUMALCHEM looks good on the chart. With a RSI below 40, and a complete cup formation, the stock can reach upto the levels of 238-240 and give good returns in the short run. Also the stock has the potential to fly more in the long run. It could break the resistance of more than three years (around 240), and go above. The financials of the company is too good. With its peg ratio below 1, decreasing debt and borrowings, increasing sales and investments even in the middle of pandemic, the company gives close to nil red flags.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.