Bullish Flag.
But breakout candle is with a long tail.
Good Volume. No doubt.
Need to cross the 228 - 230 levels with good candle being good portion of candle body to be above 230 and close above 230. Then possible for 50 to 55 Rs move as post is 225 - 160 = 65 Rs.
Above 230 i will look for a 280 - 285 as target.
This is good company but not for quick profit...
ADVANCEDENZYMES looks bullish on daily chart, As per Fibonacci re-tracement if it sustains above 220 levels, next target could be of 280, however it may face some resistance at 250 levels. it is fundamentally strong compay. as we are witnessing a good monsoon, it could easily go upto 280 levels.
Accumulate small quatities between 144 to 175 for long term investment
1% of total investment applies for this stock as it is small cap plus some part of products comes under pharma. hence capital risk should not exceed more than 2%.
Promoters 17.35%
Foreign Promoters 40.51%
General Public 14.95
Foreign Institutions 11.19%
NBFC and Mutual Funds 8.24%
Financial...
Advenzymes seems to be getting ready for 25-25% move from here wit closing stop below 2000 (market sentiment is important)
Any unexpected dip till 1600 is buying opportunity
