Fundamentally decent low PE chemical stock looking good after retracing from the long term trendline
Initial entry can be taken now and he final installment after 570 levels.
SL weekly closing below the trendline
Earnings were good and last delivery percentage is almost 90 percent
buy chembond 490,target 750
The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading. It deals in specialty chemical products like water treatment chemicals, industrial enzymes, metal surface treatment chemicals, and in applications solutions for infrastructure.
CHEMBOND broke horizontal trend line with huge volume after rc and rs method resistance breakout done an go long for the target of 50% with the sl of 12%.
